3.4.2. Customer Account Statements
A customer statement, or account statement, is a monthly, quarterly, and/or annual summary of a customer’s trading activity, positions, and account balance. If there is activity in the customer’s account, the account statement must be sent at least quarterly. Account activity includes:
• Purchases and sales of securities
• Dividends and interest received
• Deposits and withdrawals of cash or securities
• Margin interest charged in a margin account
Statements should include a clause encouraging custom