Series 53: Written Supervisory Procedures

Written Supervisory Procedures

If the supervisory system determines how the responsibility for regulatory compliance is shared within the member firm, the written supervisory procedures document that system and instruct the supervisor as to how those responsibilities must be performed.

Written supervisory procedures must establish procedures to:

• Frequently review and approve customer accounts for compliance with applicable rules

• Periodically inspect each office to detect and prevent violations of the rules

• Maintain and preserve the books and records required by