Series 14: 3.1.2.1. Recordkeeping For Customer Accounts

Taken from our Series 14 Online Guide

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 account

Since you're reading about Series 14: 3.1.2.1. Recordkeeping For Customer Accounts, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 14
Please Enable Javascript
to view this content!