5.5.2. Records for Transactions as Principal
A trading ticket or similar record must be made and kept current for each municipal transaction for the broker-dealer’s own account. Records must show the price and date of execution and, if feasible, the time.
If the principal transaction is with a customer, a record of the customer’s order must also be recorded containing this information:
• Whether it is a purchase or a sale
• The date of receipt and time (if possible)
• The terms and conditions of the order
• The name of the account in wh