SEC Investor Bulletin: How to Read Confirmations

The SEC issued an investor bulletin to provide guidance on how to read confirmations (which the bulleting calls "confirmation statements"). The bulletin describes the information contained in a confirmation as to the relevant transaction, (e.g., the identity of the security), the amount of securities purchased or sold, and the price paid or receive for the security. The bulletin also includes information about the confirmation format, broker-dealer's "capacity" and compensation as well as SIPC coverage.

View bulletin in full here (links externally to SEC website).See also Lofchie's Guide to Broker-Dealer Regulation, Communications Chapter.