Series 28: Customer Accounts

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 attesting to its consistency with the firm’s policies and procedures
• • Except for an institutional account, the names of the associated persons responsible for the account, and the scope of their responsibilities
• • For an institutional account, the names of any persons authorized to transact business on its behalf
• • For discretionary accounts, the firm must also maintain a record of the dated, manual signature of each person authorized to exercise discretion in the account

Institutio