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, the firm must also