Disqualification occurred 18 years ago without recurrence. 16 year SD status industry association without incident. Firm qualified to supervise SD.X will be supervised in accordance with 1986 NYSE conditions subject to the deletion of [bracketed] terms and revisions as noted:
1. Quarterly [regular] review of X's overall business activities by the Proposed Supervisor;
2. Quarterly [daily] review of X's trading activity. This review will be evidenced by the Proposed Supervisor initialing a quarterly activity report;
3. Quarterly [regular] review of X's commission runs;
4. A quarterly [monthly] compliance review for compliance with regulatory procedures and Firm policies;
5. X will have no supervisory duties; and
6. Any personal accounts [must be maintained at current Firm] held by X or any of his immediate family members will be subject to a monthly compliance review. Copies of confirmations and statements generated by any brokerage account will be sent directly to the Sponsoring Firm.