Web[6] FINRA Rule 4512(c) defines “institutional account” as: (1) a bank, savings and loan association, insurance company or registered investment company; (2) an investment adviser registered either with the SEC under Section 203 of the Investment Advisers Act of 1940 or with a state securities commission (or any agency or office performing ... Web[6] FINRA Rule 4512(c) defines “institutional account” as: (1) a bank, savings and loan association, insurance company or registered investment company; (2) an investment …
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WebThe proposed definition would include the persons listed within the definition of "institutional account" in FINRA Rule 4512( c). These persons include banks, savings and loan associations, insurance companies, registered investment companies, registered investment advisers, and any other person (not included in the prior categories) with total WebAny person acting solely on behalf of an institutional investor; FINRA member or registered person of such a member, and; Persons described in FINRA rule 4512(c) which defines "institutional accounts" to include: A bank, savings and loan association, insurance company, or registered investment company; ottlite wellness series revive led desk lamp
Navigating The Co-Existence Of Regulation Best Interest …
WebApr 14, 2024 · FINRA Rule 2111(b) provides for a more permissive suitability standard for a broker-dealer making a recommendation to an “institutional account,” as defined in Rule 4512(c). While the industry speculated that FINRA might revise the definition of “institutional account” in Rule 4512(c) to align with the definition of “retail customer ... Webcustomers. FINRA also believes that using the definition of an institutional account as set forth in Rule 4512(c) to define the scope of this requirement is appropriate because firms use this definition in other rule contexts, therefore reducing the implementation costs associated with the Proposal, including Partial Amendment No. 1. WebApr 12, 2024 · (a) Each member shall maintain the following information: (1) for each account: (A) customer's name and residence; (B) whether customer is of legal age; (C) name(s) of the associated person(s), if any, responsible for the account, and if multiple … ott lkw service gmbh