3.1.2.1. Recordkeeping for 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 discretionary accounts, the firm must also maintain a record of the dated, manual signature of each named natural person authorized to exercise discretion in the account.
Institutional accounts and customer accounts t