Skip to main content

For updates and guidance related to COVID-19 / Coronavirus, click here.

11870. Customer Account Transfer Contracts

(a) Responsibility to Expedite Customer's Request
(1) When a customer whose securities account is carried by a member (the "carrying member") wishes to transfer securities account assets, in whole or in specifically designated part, to another member (the "receiving member") and gives authorized instructions to the receiving member, both members must expedite and coordinate activities with respect to the transfer.
(2) If a customer desires to transfer a portion

Notice to Members 01-36

ACTION REQUESTED

Interfering With Customer Account Transfers - Proposed Interpretive Material

Comment Period Expires: July 6, 2001

SUGGESTED ROUTING

KEY TOPICS

Executive Representatives
Legal & Compliance
Registered Representatives
Senior Management
Training