4318. Determining securities to comply with segregation requirements

Or jump to a Series:

    1. A Dealer Member may choose any securities from a client’s accounts to satisfy the segregation requirements for that client’s positions, subject to the restrictions of applicable securities laws including, without limitation, a requirement that fully paid securities in a cash account be segregated before unpaid securities.

    2. A Dealer Member that sells securities required to be segregated for a client must keep them segregated until one business day prior to settlement or value date.

    3. Securities required to be segregated for a client must not be removed from segregation as a result of the purchase of any securities by that client until settlement or value date.

    There is no history log for this rule.