Series 99: 1.2.1.1 Know Your Customer (KYC) Rule

Taken from our Series 99 Top-off Online Guide

1.2.1.1 Know Your Customer (KYC) Rule

The Know Your Customer (KYC) rule requires broker-dealers to use “reasonable diligence” to collect and maintain essential information on their customers when they open accounts. This must include information necessary to:

• Effectively service a customer’s account
• Carry out special handling instructions fo

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