Regulatory Notice 19-13

SEC Approves Amendments to FINRA Rule 4512 to Permit the Use of Electronic Signatures for Discretionary Accounts

Effective Date: May 6, 2019

Summary

The Securities and Exchange Commission (SEC) approved a proposed rule change to amend FINRA Rule 4512 (Customer Account Information) to permit the use of electronic signatures for discretionary accounts and to clarify the scope of the rule. These changes become effective on May 6, 2019. The text of the amended rule is set forth in Attachment A.

Questions concerning this Notice should be directed to:

  • Afshin Atabaki, Associate General Counsel, Office of General Counsel, at (202) 728-8902.