Series 28: Personal Investment Accounts

Personal Investment Accounts

Employees of member firms may not open investment accounts at other member firms or other financial institutions unless they receive prior written consent from their employing member firm. The employee must also notify the other financial institution of their association with the employing firm before opening the account.

•  

  The executing member firm in turn must provide duplicate account statements to the employing member upon written request.

  This requirement applies to accounts where the associated person has a beneficial interest in the account. A beneficial interest means accounts of the spouse of an associated person, children who live in the same household or are financially dependent on