Rule 10b-10

Rule 10b-10

An SEC rule requiring broker-dealers to disclose certain information to clients before or at the completion of a transaction. Information includes the date and time of the transaction, whether the broker-dealer is acting as an agent for any other party, especially the other party to the transaction, and any information particular to the security being traded. The rule is not considered exhaustive and the broker-dealer is also required to disclose any potential fraud to the client, even though that is not specifically included.

Rule 10b-10

An SEC rule that sets disclosure requirements for confirmations sent by broker-dealers to customers.
References in periodicals archive ?
In addition, NASD Regulation found that Datek failed to maintain and enforce written supervisory procedures to ensure compliance with Securities and Exchange Commission Rule 10b-10, which requires that accurate capacity information be given to customers in each trade confirmation.