Series 99: Omnibus Account

Taken from our Series 99 - FINRA Operations Professional Qualification Examination

Definition of the term Omnibus Account...

an account that is held in the adviser's name, and contains all of its customers' securities. The adviser must disclose which securities belong to the customers and which belong to the adviser.

Since you're reading about Series 99: Omnibus Account, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 99
Please Enable Javascript
to view this content!