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2266. SIPC Information
All members, except those members: (a) that pursuant to Section 3(a)(2)(A)(i) through (iii) of the Securities Investor Protection Act of 1970 (SIPA) are excluded from membership in the Securities Investor Protection Corporation (SIPC) and that are not SIPC members; or (b) whose business consists exclusively of the sale of investments that are ineligible for SIPC protection, shall advise all new customers, in writing, at the opening of an account, that they may obtain information about SIPC, including the SIPC brochure, by contacting SIPC, and also shall provide the Web site address and telephone number of SIPC. In addition, such members shall provide all customers with the same information, in writing, at least once each year. In cases where both an introducing firm and clearing firm service an account, the firms may assign these requirements to one of the firms.
Amended by SR-FINRA-2009-016 eff. Aug. 17, 2009.
Amended by SR-NASD-2007-036 eff. Nov 6, 2007.
Adopted by SR-NASD-2006-124 eff. Nov 6, 2007.
Selected Notice: 07-29, 09-33.
- Regulatory Notice 13-32October 09, 2013
- Regulatory Notice 09-33June 15, 2009