On September 18, twenty-five brokers met in the basement of Wohl & Rollitz, which was at 403 California Street in the old Fireman's Fund Insurance Building.

The first president was John Perry Jr.[7] It had nineteen charter members, who called it "the Local Security Board."

Upon the ratification of the agreement, there would be ninety days for corporations with stocks "on the unlisted board [of the San Francisco Stock and Bond Exchange] to meet listing requirements or to be transferred to the Curb board, where "another probationary period will ensue in which Curb requirements may be met."

[1] The following month, the San Francisco exchange broke a business record for itself, when it had weekly trading total of $16,936,019.

[12] On December 9, 1927, it was reported that the agreement to re-organize with the San Francisco Stock Exchange had been authorized, with changes to take place immediately.

[4] The new San Francisco Curb Exchange was expected to begin operation soon after the start of 1928, and would be the third securities market in the city.