InvestmentExperience

• Fully Disclosed Client (Individual, Joint, Retirement, Org, Trust)

• Advisor Client (Individual, Joint, Retirement, Org, Trust)

• years_trading is validated against the age of the applicant. If years_trading > Date – 18, you will receive an error.

• Cannot be hard coded.

• We only require the experience for the products the client is requesting.

• We do not require experience for FOP, SSF, WAR, FOP, ETFs, Mutual Funds as these are subcategories.

  • i.e. If the applicant only wants to trade Stocks, Mutual Funds and ETFs, we only need the experience for STK.

• Advisor-Clients

  • Investment Experience validations are driven by the Advisor-Master.

  • If Advisor is only registered for Securities, the sub-account is only eligible for Stocks, Options, Bonds, and Mutual Funds.

• Broker-Clients

  • STK

    • years_trading=“1" AND trades_per_year < 10:

      • knowledge_level= Good OR Extensive: This will validate.

      • knowledge_level= None OR Limited: This will trigger an error and the application will not be processed.

  • OPT 

    • years_trading=“1" AND trades_per_year < 10:

      • This will trigger an error and the application will not be processed.

      • Because client has less than two years trading Options, client must take Options Exam

    • years_trading=“2" AND trades_per_year < 10:

      • knowledge_level= Good OR Extensive: This will validate.

      • knowledge_level= None OR Limited: This will trigger an error and the application will not be processed.

  • BOND 

    • years_trading=“1" AND trades_per_year < 10:

      • knowledge_level= Good OR Extensive: This will validate.

      • knowledge_level= None OR Limited: This will trigger an error and the application will not be processed.

  • FUT

    • years_trading=“1" AND trades_per_year < 10:

      • This will trigger an error and the application will not be processed.

      • Because client has less than two years trading Futures, client must take Futures Exam

    • years_trading=“2" AND trades_per_year < 10:

      • knowledge_level= Good OR Extensive: This will validate.

      • knowledge_level= None OR Limited: This will trigger an error and the application will not be processed.

  • CASH

    • years_trading=“1" AND trades_per_year < 10:

      • This will not validate

    • year years_trading=“2" AND trades_per_year < 10:

      • knowledge_level= Good OR Extensive: This will validate.

      • knowledge_level= None OR Limited: This will trigger an error and the application will not be processed.

XSD

<xsd:complexType name="InvestmentExperience" type=AssetExperience" use="Required" minOccurs="1" maxOccurs="1" />
<xsd:sequence>
 <xsd:element name="AssetExperience" use="Required" minOccurs="1" maxOccurs="5" />
 <xsd:attribute name="asset_class" type="asset_class" use="Required" />
 <xsd:attribute name="knowledge_level" type="knowledge_level" use="Required" />
 <xsd:attribute name="trades_per_year" type="Non-Negative Integer Value"
 <xsd:attribute name="years_trading" type="Non-Negative Integer Value" use="Required" />
</xsd:sequence>

Parameters