2140. Interfering With the Transfer of Customer Accounts in the Context of Employment Disputes
No member or person associated with a member shall interfere with a customer's request to transfer his or her account in connection with the change in employment of the customer's registered representative where the account is not subject to any lien for monies owed by the customer or other bona fide claim. Prohibited interference includes, but is not limited to, seeking a judicial order or decree that would bar or restrict the submission, delivery or acceptance of a written request from a customer to transfer his or her account. Nothing in this Rule shall affect the operation of Rule 11870.
Amended by SR-FINRA-2010-060 eff. Dec. 15, 2010.
Amended by SR-FINRA-2008-052 eff. June 15, 2009.
Adopted by SR-NASD-2001-095 eff. Dec. 21, 2001.
Selected Notices: 02-07, 09-20.
- Regulatory Notice 17-11March 30, 2017
- Regulatory Notice 09-20April 15, 2009