Which regulatory requirement under SEC Rule 15c3-5 (Market Access Rule) directly relates to trading quality controls?
-
A
Brokers must report all trades to FINRA within 24 hours
-
B
Brokers must implement pre-trade risk controls before market access is granted
-
C
Brokers must maintain paper records of all algorithmic code
-
D
Brokers must conduct quarterly audits of client portfolios