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Article 12
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Where a trading order is submitted through electronic media (such as a voice message system, the Internet, private line, or closed private network), the securities firm is not required to prepare, and not required to fill, out an order ticket on the principal's behalf, provided that it shall, on a timely basis, prepare and preserve relevant written records for verification purposes, and preserve the same for a period of at least two months following signature and/or seal by a relevant executive on a daily basis.
The "relevant written records" under the preceding paragraph shall include the account number of the principal, order date and time, type of securities, number of shares or par value, price (limit price or market price), expiration time, time in force (rest-of-day, immediate-or-cancel, fill-or-kill), account executive code, and manner in which the order is placed, and shall be prepared in chronological order.
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