… (ST) … (a) Designation of Chief Compliance Officer(s) Each member shall designate and specifically identify to FINRA on Schedule A of Form BD one or more principals to serve as a chief compliance officer. (b) Annual Certification Requirement Each member shall have its chief … officer(s)) certify annually, 1 as set forth in paragraph (c), that the member has in place processes to establish, maintain, review, test and modify written compliance policies and written supervisory procedures …
… Notification or Review … Security Type (ST) … (a) A member, when notified by FINRA, may not continue to custody or retain record ownership of assets, whether such assets are proprietary or customer assets, at a financial institution that is not a member of FINRA, which, upon FINRA staff's request, fails promptly to provide FINRA with written verification of assets maintained by the member at such financial institution. (b) The Rule shall not apply: (1) to proprietary assets of members that are treated as non-allowable assets under SEA Rule 15c3-1; or (2) in …
… statement") containing a description of any securities positions, money balances, or account activity to each customer whose account had a security position, money balance, or account activity during the period since the last such statement was sent to the customer. In addition, each general securities member shall include in the account statement a statement that advises the customer to report promptly any inaccuracy or discrepancy in that person's account to his or her brokerage firm. In …
… (ST) … Each member shall develop and implement a written anti-money laundering program reasonably designed to achieve and monitor the member's compliance with the requirements of the Bank Secrecy Act (31 U.S.C. 5311, … shall, at a minimum, (a) Establish and implement policies and procedures that can be reasonably expected to detect and cause the reporting of transactions required under 31 U.S.C. 5318(g) and the implementing … thereunder; (b) Establish and implement policies, procedures, and internal controls reasonably designed to achieve compliance with the Bank Secrecy Act and the implementing regulations thereunder; (c) Provide for …
… same manner in which they were received from the member that filed the Form BDW. Where a member has agreed to act as custodian of the books and records of another member that has filed a Form BDW, the member that has agreed to act as custodian shall: (i) treat such books and records as if they were its own books and records; and (ii) arrange upon its dissolution for such books and records to continue to be retained for the remainder of the applicable retention periods under FINRA and Exchange Act …
… responsibility for the account, a record indicating the scope of their responsibilities with respect to the account, provided, however, that this requirement shall not apply to an institutional account; (D) signature of the partner, officer or manager denoting that the account has … if the customer is a corporation, partnership or other legal entity, the names of any persons authorized to transact business on behalf of the entity; and (F) subject to Supplementary Material .06, name of and …
… the carrying of the customer accounts of a person other than a U.S. registered broker or dealer, subject to the conditions set forth in this Rule. (b)(1) The carrying firm shall submit to FINRA for prior approval any agreement for the carrying of accounts, whether on an omnibus or fully disclosed basis, before such agreement may become effective. The carrying firm also shall submit to FINRA for prior approval any material changes to an approved carrying agreement before such changes may …
… Process (RP) … Security Type (ST) … (a) A member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is … based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer's investment profile. A customer's investment profile includes, but is not limited to, the customer's age, other investments, financial situation and needs, tax status, investment objectives, …
… be effected and in which the associated person has a beneficial interest. (b) Any associated person, prior to opening or otherwise establishing an account subject to this Rule, shall notify in writing the executing member, or other financial institution, of his or her … duplicate copies of confirmations and statements, or the transactional data contained therein, with respect to an account subject to this Rule. • • • Supplementary Material: ------------------ .01 Account Opened Prior …
… means any written (including electronic) communication that is distributed or made available to 25 or fewer retail investors within any 30 calendar-day period. (3) "Institutional communication" means any written (including electronic) communication that is distributed or made available only to institutional investors, but does not include a member's internal communications. (4) "Institutional … entity or subdivision thereof; (C) employee benefit plan, or multiple employee benefit plans offered to employees of the same employer, that meet the requirements of Section 403(b) or Section 457 of the Internal …
