Posts tagged ‘discretionary accounts’

As provided for in FINRA Notice to Member (NTM) 09-63, the following rules currently apply to discretionary brokerage accounts:
FINRA Rule 2510
FINRA Rule 2510 addresses the obligations of members that have discretionary power over a customer’s account.
Rule 2510(a) (excessive transactions/excessive trading) prohibits members and their agents or employees that have discretionary power [...]