4182. Obtain written positive confirmations

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    1. The Dealer Member’s auditor must obtain written confirmation for all accounts and security positions.

    2. The Dealer Member’s auditor must obtain written positive confirmation of:

      1. all bank balances and other deposits including hypothecated securities,

      2. all money, security positions, and derivative positions, including with clearing houses, similar organizations, and issuers of non‑certificated instruments,

      3. all money and securities loaned or borrowed (including subordinated debt) and details of collateral received or pledged, if any,

      4. a sample of accounts of, or with, brokers or dealers representing regular, joint, and contractual commitment positions including money and security positions and derivative positions,

      5. all accounts of Directors and officers or partners, including money and security positions and derivative positions,

      6. a sample of client, employee, and shareholder accounts, including money and security positions and derivative positions,

      7. a sample of the guarantee and guarantor accounts, in cases where a margin reduction has been taken in the accounts for which the guarantee has been provided during the year or as at the end of the fiscal year,

      8. statements from the Dealer Member's lawyers as to the status of lawsuits and other legal matters pending which, if possible, should disclose an estimate of the extent of the liabilities, and

      9. all other accounts which, in the opinion of the Dealer Member's auditor, should be confirmed.

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