Are broker-dealers required to follow any particular format in preparing their quarterly reports?
Yes. The Rule requires that a quarterly report be divided into four sections, one each for (1) covered securities listed on the New York Stock Exchange, Inc. (“NYSE”) and reported as a Network A eligible security;3 (2) covered securities listed on The Nasdaq Stock Market, Inc.; (3) covered securities listed on the American Stock Exchange LLC (“Amex”) or any of the regional stock exchanges and reported as a Network B eligible security;4 and (4) exchange-listed options. The Rule also specifies items of information that should be included in the quarterly reports in a clear format that will be understandable by customers and the public. Attached as Exhibit A is an example of a quarterly report that is intended to offer guidance on a format that the Division would consider to be clear and understandable. The example report includes an introduction and a section with sample statistics. The section first sets forth summary statistics for the category of securities covered by the section. It
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