KNOW FINRA RULE 3210 FOR THE SERIES 66 EXAM ABOUT OPENING OUTSIDE ACCOUNTS
Planning to take the Series 66 Exam? Then become familiar with FINRA Rule 3210 on Opening Outside Accounts. Why? Because NASAA Series 66 Test Specifications includes this topic in Section IV (H) (4), thus signaling that there can be questions on the test about this rule. Here is the text of Rule 3210: FINRA RULE 3210 Securities Accounts at Other Investment Advisers, Broker/Dealers or Financial Institutions a) No person associated with a member ("employer member") shall, without the prior written consent of the member, open or otherwise establish at a member other than the employer member ("executing member"), or at any other financial institution, any account in which securities transactions can be effected and in which the associated person has a beneficial interest. (b) Any associated person, prior to opening or otherwise establishing an account subject to this Rule, shall notify in writing the executing member, or other financial institution, of his or her as...