Series 52: 8.3.4. Internal Inspections

Taken from our Series 52 Online Guide

8.3.4. Internal Inspections

Broker-dealers must conduct annual internal inspections at every OMSJ and every branch office that supervises a non-branch office to ensure compliance with securities laws. Other branch offices must be inspected every three years. Inspections must include a review of customer account records to detect irregularities or abuses. They must also test and verify the member’s policies and procedures with regard to safeguarding customer funds and securit

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