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Rule 436. Interest on Credit Balances

This rule is no longer applicable effective November 11, 2008.

No member organization, unless subject to supervision by State banking authorities, shall pay interest on any credit balance created for the purpose of receiving interest thereon. Credit balances arising out of transactions in securities or commodities or incidental to any business regularly carried on by a member organization prior to August 2, 1933, shall not be subject to the provisions of this Rule unless it appears that such credit balances have been increased solely for the purpose of receiving interest thereon.

Deleted by SR-FINRA-2008-036 eff. Nov. 11, 2008.

Selected Notice: 08-64.

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