Series 28: Customer Accounts

Taken from our Series 28 Online Guide

Customer Accounts

Each member firm must maintain the following information for each customer account:

  • Customer’s name and residence
  • Whether customer is of legal age
  • A principal’s signature attesting to its consistency with the firm’s policies and procedures
  • Except for an institutional account, the names of the associated persons responsible for the account, and the scope of their responsibilities
  • For an institutional account, the names of any persons authorized to transact business on its behalf
  • For discretionary accounts, the firm must also maintain a record of the dated, manual signature of each person authorized to exercise discretion in the account

Institutio

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