Series 6: 8.2.1. Order Tickets

8.2.1.  Order Tickets

In order to execute an order for a customer, a representative must first fill out an order ticket. Each ticket must describe the terms and conditions of the transaction, including:

• • The name and description of the security
• • The name of the customer and account number
• • The type of order (market, limit, stop-loss order)
• • Duration of order (day order, Good Till Cancelled, Good Though Week)
• • Time and date order was placed
• • Time and date order was executed or cancelled per customer’s request
• • Order size (number of shares) and execution price
• • Whether it is a buy or sell order; if sell, whether it is long or short
• • Location of security if it was a long sale
• • Whether it was an agency or principal transaction (see below)
• • If it was subject to discretionary authority
• • Name of associated person who is