Prohibited Pricing-Document Activities

What this video covers

• Why a false price tells a false story, and how altering any number on a confirmation or account statement misleads the customer about transactions, positions, or total account value
• How an account statement can contain a pricing problem with zero trades during the period, since a position valuation can still be falsely reported
• What a confirmation is supposed to tell the customer: the specific security, exact quantities, and precise transaction price
• What an account statement is supposed to tell the customer: all positions, total balances, and activity over the period, plus how a false price conceals broader valuation errors or discrepancies
• Why falsifying and withholding are separate forms of misconduct, and why a completely accurate document can still be improperly withheld while a delivered document can still be falsified
• Why falsifying is prohibited regardless of whether the price change favors or disfavors the customer, including why a flattering lie is still a regulatory violation
• How to identify document integrity concerns versus delivery violations on scenario questions, using unsupported price changes and concealed discrepancies as your triggers