What a Transaction Confirmation Must Disclose

What this video covers

• The exact timing rule for delivering confirmations at or before completion of a transaction, and how the General Confirmation Disclosure Rule differs from the Securities and Exchange Commission (SEC) confirmation rule in scope
• The two securities that escape the SEC's confirmation rule entirely: United States Savings Bonds and municipal securities
• The five standard business-day deadline for answering customer requests, and when it stretches to fifteen business days for trades older than thirty days
• Which items require a written customer request versus the single exception that permits an oral request, the odd lot differential
• The specific debt-security disclosures for callable debt, dollar-price trades, yield trades, and asset-backed securities
• When a principal trade triggers the TRACE data-page link versus the stricter markup disclosure, and the two requirements for the separate principal desk exception
• How the fixed-price exception for private placements works on the same day but evaporates after twenty-four hours, and when settlement-date disclosure is required versus carved out for direct participation programs (DPPs)