PART A.3 - SECURITY USAGE RESTRICTIONS AND CORRECTING SEGREGATION DEFICIENCIES

4325. Client declared short sales segregation deficiency

Or jump to a Series:

    1. A Dealer Member that determines it has a client declared short sale segregation deficiency must:

      1. borrow the same issue of securities to cover the deficiency within the business day following the day it determines the deficiency exists, or

      2. undertake to buy-in the same issue of securities within five business days following the day it determines the deficiency exists.

    There is no history log for this rule.