SROP definition
Examples of SROP in a sentence
You agree that you will be familiar with all the applicable option rules and that you will qualify appoint and maintain a Senior Registered Options Principal ("SROP") whose responsibilities will include ensuring that the options rules are observed, suitability standards are applied and due diligence exercised in the approval of customer Accounts for option transactions.
Through your SROP you agree to approve the customer information and option agreements and to ensure that each customer has been furnished with the current risk disclosure document prior to the initial option transactions.
Baum Title: Vice President, Chief Operating Officer and SROP VTX Agency, Inc.
Correspondent SROP Use Only - Approved for Equity & Index Options 1.