Order Ticket Information Requirements Prior to Entry
Under SEC Rule 17a-3 and FINRA rules, which of the following information must be recorded on an order ticket BEFORE the order is transmitted for execution?
An order ticket must record: account number, terms/conditions of the order (symbol, buy/sell, shares, limit/market), order entry timestamp, whether the order was SOLICITED, UNSOLICITED, or DISCRETIONARY, and registered representative ID.
Complete Analysis & Legal Rationale
The order ticket must be prepared BEFORE transmission.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
Accurately lists statutory order ticket fields including solicited/unsolicited status and entry time.
Credit scores are not recorded on order tickets.
Compliance officer names are not on individual order tickets.
Tax liabilities are not calculated on order tickets.