Processing and Confirming Transactions: Rapid Fire

What this video covers

• Why an investor's signature and funds are never enough to start processing, and the exact moment a private placement becomes actionable (issuer acceptance via countersignature)
• The three required firm records (blotter entry, principal approval, payment or wire instructions) and which one the subscription-way transaction never excuses
• How the substitute document rule works for subscription-way transactions, and why the copy rides in the order memorum's retention category instead of written agreements
• The payment-handling rule's contingent vs. non-contingent fork: prompt transmission to the issuer, or separate bank account escrow with the broker-dealer as agent or trustee
• Every mandatory disclosure on a written confirmation, and why SIPC non-membership must appear explicitly
• Why payment-for-order-flow and settlement-date add-on disclosures do not reach private placements (the NMS stock or quoted equity requirement)
• The two response deadlines (5 business days for a standard request invited by the confirmation, 15 business days if the trade was effected more than 30 days earlier) and the sole exception allowing interference with a customer account transfer (genuine lien or bona fide claim)