Nasdaq Options Rule 9

Key provisions:

• Ethical conduct and fair dealing. Establishes standards requiring members to act with integrity, deal fairly with customers and market participants, and adhere to just and equitable principles of trade.
• Customer protection and sales practices. Governs interactions with customers, including requirements related to:
  • customer communications and disclosures;
  • suitability and know-your-customer obligations; and
  • best execution and account handling; and
  • protection of customer funds and securities.
• Supervision and employee conduct. Requires firms to maintain supervisory systems and controls over:
  • associated persons’ activities;
  • outside business activities;
  • personal trading and private securities transactions; and
  • regulatory reporting and compliance.
• Financial responsibility and compliance. Establishes requirements for AML programs, books and records, margin, capital, audit, and other financial and operational controls.