Series 52: 8.4.2.3.3. Sharing Of Customer Accounts

8.4.2.3.3. Sharing of Customer Accounts

Broker-dealers and their associated persons generally may not share in the profits or losses of a customer’s account or a customer transaction. This prohibition seeks to prevent conflicts of interest and excessive entanglement in customer accounts.

Sharing in profits and losses is permitted, however, when:

• The profit or lo