Series 3: 7.2.2.1. Institutional Customer Exemption

Taken from our Series 3

7.2.2.1. Institutional Customer Exemption

Recall that the know your customer rule does not apply to every customer. A futures commission merchant or introducing broker may open a commodity futures account for an institutional customer without furnishing the disclosure statements or obtaining the signed acknowledgments.

CFTC Regulation 1.55(f)

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