Series 24: 2.7.6. Quarterly Security Counts Rule

Taken from our Series 24 Online Guide

2.7.6. Quarterly Security Counts Rule

Pursuant to Rule 17a-13, all carrying firms must conduct quarterly security counts. This must occur each calendar quarter, and each successive count must occur between two and four months from the last count.

Each quarter, the firm must perform the following actions:

• Physically examine and count all securities held.

• Account for all securities in transfer, in transit, pledged, loaned, borrowed, deposited, failed to receive or deliver,

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