Series 99: 2.1.2.1 Account Statement: Required Information

2.1.2.1  Account Statement: Required Information

Types of information that are included in a customer account statement include the following:

• • Account information—includes the names of the account owner(s), the time period covered, and the account number. This section also provides contact information to report any changes in account ownership or other updates. Although industry standards require firms to issue account statements quarterly, some provide statements more frequently and post the information online in a password-protected location.
• • Statement account/summary—shows the status of investments as of the statement date by displaying unrealized and realized (if proceeds from sales are kept in the account) gains and/or losses. This section summarizes the total value of stocks, bonds, mutual funds, other investments, and any cash.
• • Portfolio detail—identifies individual assets in the account so that the account holder can determine whether the holdings listed are accurate. It shows the value of the investments