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FINRA Rule 2232

Firms must provide customers with a written trade confirmation at or before the completion of any securities transaction, in accordance with SEC Rule 10b-10.

Rule Overview

Jurisdiction: United States

Regulator: FINRA

Topic: Consumer Protection, Investor Protection

FINRA Rule 2232
Overview
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Further Reading

In addition, the confirmation must disclose:

  • The settlement date for transactions in:
    • any National Market System (NMS) stock; or
    • any security subject to the reporting requirements of the FINRA Rule 6600 Series, other than direct participation programs.
  • For a callable equity security:
    • that the security is callable; and
    • that the customer may contact the firm for additional information about the security.

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Further Reading

Fixed Income Confirmation Disclosure: Frequently Asked Questions (FAQ) Go to https://www.finra.org/rules-guidance/key-topics/fixed-income/confirmation-disclosure-faq FINRA Regulatory Notice 17-24, FINRA Issues Guidance on the Enhanced Confirmation Disclosure Requirements in Rule 2232 for Corporate and Agency Debt Securities Go to https://www.finra.org/index.php/rules-guidance/notices/17-24