What is an Insider Trading Form F-13 and who is required to complete this form?
Broker dealers new to the PHLX, for which the PHLX is the designated examining authority, must submit their written supervisory procedures related to, and required by, the Insider Trading and Securities Fraud Enforcement Act of 1988 to the Examinations Department for approval pursuant to PHLX Rule 761. Written supervisory procedures shall address compliance with the following Exchange requirements: • Each new employee of the organization shall be furnished with a copy of the most current version of the Exchange’s “Notice of Insider Trading” (Notice), or a document substantially similar to the Notice approved by the DEA for use in this connection. Within ten business days from the first date of employment with the unit, each new employee must sign and return the Notice to the employer. By his signature on the Notice, the employee attests to having carefully read the Notice and agrees to appropriately supply the employer firm with all trading accounts for which such person maintains a be
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