Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

The MLSA requires the primary dealer to deliver on behalf of the borrower, among other things, a sales confirmation. What form of sales confirmation is acceptable?

April 26, 2017behalf borrower confirmation Dealer deliver mlsa primary requires sales

0

Posted

The MLSA requires the primary dealer to deliver on behalf of the borrower, among other things, a sales confirmation. What form of sales confirmation is acceptable?

1 Answer

0

Posted

A Rule 10b-10 confirmation is satisfactory. Other written sales confirmations, including e-mail confirmations that contain the required pricing information and are customarily provided by many broker-dealers prior to mailing of a Rule 10b-10 confirmation, will also be acceptable.