A Level 1 Introducing Dealer provides a new retail client with a written document explaining the relationship between the client, the Introducing Dealer, and its Carrying Dealer. What additional step must the Introducing Dealer take to fulfill its disclosure obligations under Rule 1.1.6?

Question

Accepted Answer

Correct. Rule 1.1.6(c)(viii) specifically requires Level 1 Introducing Dealers to obtain a written acknowledgement from the client at account opening.

A Level 1 Introducing Dealer provides a new retail client with a written document explaining the relationship between the client, the Introducing Dealer, and its Carrying Dealer. What additional step must the Introducing Dealer take to fulfill its disclosure obligations under Rule 1.1.6?

Discussion