Securities Options

Overview

This page provides materials on a whole range of issues that are relevant to transacting in securities options. Relevant issues include the special rules that apply to the distribution of listed options, the margin treatment of options, the no-action letters on the sale of foreign listed options into the United States, and the capital charges resulting from carrying options as principal. FINRA Rule 2360, which governs sales practices with respect to securities options, may in some sense be viewed as a precursor to the SEC's adoption of Regulation Best Interest in that it requires broker-dealers to obtain specific information about customers entering into option transactions and imposes greater suitability obligations as to customers who enter into option transactions.

See also the topic page titled Large Option Position Reporting, which focuses on the position limits imposed on broker-dealers and customers who purchase options from or through broker-dealers; and the topic page on Broker-Dealer Marketing of Options.

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Contributor Organization 
Contributor Title 
Senior Attorney
Steven.Lofchie@cwt.com's picture
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Partner

Find

 
Find: 

SEA and SEA Rules

Standardized Option Rules

Capital

FINRA Rules

Federal Reserve Board Margin Rules

 

Know

 
Know: 

Lofchie's Guide to BD Regulation