Series 24: Automated Customer Account Transfer Service (ACATS)

Taken from our Series 24 - FINRA General Principal Qualification Examination

Definition of the term Automated Customer Account Transfer Service (ACATS)...

the system, operated by the National Securities Clearing Corporation (NSCC), that handles a request for the transfer of an account from one firm to another and relays the request to the delivering firm.

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Solomon Exam Prep Study Materials for the Series 24
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