Get Proposed Rule Change Received From

FINRA established Rule 3241 in order to enhance investor protection, including addressing misconduct that may stem from the conflicts of interest presented by these arrangements.

The Rule. Rule 3241 states that a registered person must decline being named a beneficiary of a customer's estate or receiving a bequest from a customer's estate unless: The registered person provides written notice and receives written approval from the member firm prior to being named a beneficiary; or.

The Senior Safe Act provides that, to receive the immunity provided by the Act, the training must: (1) instruct any individual attending the training on how to identify and report the suspected exploitation of a senior citizen internally and, as appropriate, to government officials or law enforcement authorities, ...

In some cases, allowing yourself as a professional advisor to be named as a beneficiary in a client's estate plan can lead to an ethics complaint and possible sanctions by your professional regulatory authority.

NYSE Rule 118 and AMEX Rule 132 dictate that, on ex-cash dividend days, open limit orders to buy stocks are reduced by the cash dividend amount. With discrete prices, if the resulting price is not a tick multiple, it is further lowered to the next tick. Prices in limit sell orders are not changed.

FINRA Rule 3210 was adopted in 2016 and rolled out the following year. Rule 3210 governs accounts opened by members at firms other than where they work. All employees must declare their intent and obtain their employers' consent if they wish to open or maintain an investment account at any other financial institution.