4422. Receipt and delivery of securities

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    1. Employees who receive and deliver physical securities must not have access to the Dealer Member’s security records.

    2. The Dealer Member must handle securities in a restricted and secure area.

    3. The receipt and delivery of securities must be promptly and accurately recorded (including certificate numbers, registrations, and coupon numbers).

    4. A Dealer Member using mail service must send negotiable certificates by registered mail.

    5. A Dealer Member must obtain signed receipts from the client or agent for all securities not delivered against payment.

    There is no history log for this rule.