Introduction - Options Disclosure Document
An Options Disclosure Document (ODD), mandated by the Securities Exchange Act of 1934, is filed with the SEC by an options exchange. The document describes the characteristics and risks of standardized options to be traded in its market. An ODD includes the following information:
- A glossary
- Mechanics of exercising the options
- Risks of being a holder or writer of the options
- The name of the market or markets in which the options are traded
- Transaction costs, margin requirements and tax consequences of options trading
- The name of the issuer of the options
- The type of underlying security
- The registration of the options on form S-20 and the availability of the prospectus, unless exempt under the 1934 Act
- Other information specified by the SEC
BrokersIndependent broker-dealers are a great choice for experienced, self-starter planners who have established practices.
Personal FinanceRIAs and brokers are held to different standards when providing investment advice. Here's how they differ.
Trading Systems & SoftwareLaunching your own broker-dealer is a lot of work, but the potential payoff is great, both personally and financially.
ProfessionalsLearn how to answer option questions on the Series 7 exam. Pass your Series 7 exam with the help of these tips.
ProfessionalsFINRA Series 55 Exam Guide
ProfessionalsFINRA Series 62 Exam Guide
ProfessionalsFINRA/NASAA Series 99 Exam Guide
ProfessionalsFINRA/NASAA Series 65 Exam Guide
ProfessionalsFINRA Series 6 Exam Guide
ProfessionalsFINRA/NASAA Series 63 Exam Guide
- No results found.
The Financial Industry Regulatory Authority (FINRA) offers a variety of licenses that must be obtained before conducting ... Read Full Answer >>