BD Employee Accounts From/At Other Firms

Overview

The process of monitoring trading by the employees of broker-dealers has several components. Employees of broker-dealers should receive permission from their employers to open a securities account at another firm and, once an away account is opened, should notify both their employer of the account and the firm that opened the account of their employment status and employer. The firm that opened the account must make arrangements to send trade information to the individual's employer as well as the employee. The employing firm generally must obtain the trade information and review the employee's trades.

See also the pages on BD Employees: Outside and Personal Activities (which includes material in regard to personal trading).

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Find

 
Find: 

Statutes and Rules

  • FINRA Rule 3210 (Accounts at other broker-dealer and financial institutions)
  • MSRB Rule G-28 (Transactions with employees and partners of other municipal securities professionals)

Developments

Regulatory Assistance

Enforcement

 

Know

 
Know: 

Broker-Dealer Guide