Assume that an employee of a FINRA member firm opens a securities account at another FINRA member firm. If requested, the employing member firm can request duplicate (A) confirmations only. (B) account statements only (C) confirmations and account statements (D) account forms used to open the account.

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Denisse

11 November, 17:55

Assume that an employee of a FINRA member firm opens a securities account at another FINRA member firm. If requested, the employing member firm can request duplicate (A) confirmations only. (B) account statements only (C) confirmations and account statements (D) account forms used to open the account.

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Duncan Mullins · Answer 1

C) confirmations and account statements

Explanation:

If an employee of a FINRA member firm wants to work for another FINRA firm, he/she must notify his/her employing member firm, and his/her new employer must send duplicate confirmations and account statements only if requested by the member employing firm. The member employing firm does not have to grant any type of approval or permission.

The Financial Industry Regulatory Authority (FINRA) regulates member brokerage firms and exchange markets. FINRA is regulated and overseen by the SEC. They issue licences to individuals and admits companies into the financial trading industry.