Series 24: 3.4.2. Customer Account Statements

Taken from our Series 24 Online Guide

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

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