SIE: Customers’ Securities Or Funds

Taken from our SIE Online Guide

Customers’ Securities or Funds

A firm cannot lend a customer’s securities to itself or others without first obtaining the customer’s written authorization. Customer accounts with fully paid or excess margin securities must segregate these securities, and the firm must notify FINRA at least 30 days before lending the securities.

The firm must provide the following information to FINRA:

• Name and CRD number of the firm
• Name of individual contact at firm

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