Series 24: 2.6.6.1. Customer Accounts

Taken from our Series 24 Online Guide

2.6.6.1.  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 denoting that the account has been accepted in accordance with the member’s policies and procedures

Except for an institutional account, the names of the associated persons responsible for the account and a record indicating the scope of their responsibilities

For a corporation, partnership, or other legal entity, the names of any persons authorized to transact business on the entity’s behalf

For any non-institutional account, the name of and contact information for a trusted contact person age 18 or older who may be contacted about the customer’s account

For discretionary accounts, th

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