New FINRA Rule 3241 Regulating Representatives Being Named as Beneficiaries of, or Holding Positions of Trust for, Customers Takes Effect February 15, 2021
By EsqSocial Corporation 01/02/21
On February 15, 2021, FINRA’s new Rule 3241 – “Registered Person Being Named a Customer’s Beneficiary or Holding a Position of Trust for a Customer” – becomes effective. The Rule sets forth the newly codified obligations both of registered persons and member firms encountering these issues....
By: Bressler, Amery & Ross, P.C.