Series 6: 1.3.5.6. Networking Arrangement Guidelines

1.3.5.6. Networking Arrangement Guidelines

A networking arrangement is a written agreement between a member firm and a banking institution under which the firm offers its brokerage services on (or off) the premises of the bank. Through such an agreement, a bank may provide its customers with services it cannot offer on its own, and both firms potentially draw new customers to the other.

Member firms that enter networking arrangements are required to clearly identify themselves as distinct from the bank where they are located. They must oper