Information Notice - October 21, 2008

New Account Application Template

Executive Summary

FINRA has developed a new account application template—a voluntary model brokerage account form—as a resource that firms may use when they design or update their new account forms for single or joint accounts. It is intended to serve as an example of the type of application that brokerage firms may provide to their customers.

 

Firms may use the template in its entirety or select portions or language, but there is no regulatory requirement to use it, or to use any portion of it. The purpose of this template is to help firms create easy-to-use, easy-to-read, plain-English new account forms.

 

The template and other related documents are available at www.finra.org/newaccount.

 

Questions regarding this Notice should be directed to Julie Hoffman, Director, Office of Emerging Regulatory Issues, at (202) 728-8448, or by email.