All of the following statements regarding customer confirmations are true EXCEPT:
A) the confirmation must disclose if a control relationship exists.
B) the customer must receive the confirmation no later than the business day after the trade.
C) the confirmation must disclose whether the broker/dealer is a market maker in the security sold.
D) the confirmation must disclose commissions if the firm acted as agent.
Answer: B) the customer must receive the confirmation no later than the business day after the trade.