Proprietary trading disclosure required: brokers must inform clients of proprietary trading status upfront and before any change. Brokers must disclose whether they undertake proprietary trading as well as client based business: inform existing clients within one month, provide upfront disclosure to new clients in the Know Your Client agreement, and notify clients before commencing proprietary trading if begun later. Stock exchanges must amend bye laws, notify members, publish the requirement, and report implementation to the regulator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proprietary trading disclosure required: brokers must inform clients of proprietary trading status upfront and before any change.
Brokers must disclose whether they undertake proprietary trading as well as client based business: inform existing clients within one month, provide upfront disclosure to new clients in the Know Your Client agreement, and notify clients before commencing proprietary trading if begun later. Stock exchanges must amend bye laws, notify members, publish the requirement, and report implementation to the regulator.
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