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Terms in this set (6)
new account form
Must fill out with name. address, #, SSN, job, employer/address, citizenship, bday, investment goals, marital status PLUS signature of accepting
. Firm verifies identity w/ license/passport.
new account form (sending)
Must be sent to customer within 30 days. Firm must verify account info every 36 months. Privacy notice required at time account is opened and every year after.
Instructions on whether customers wants certificates transferred in their name and shipped, transferred and held by BD in safekeeping or held in street name
held in street name
securities held in name of BD at the firm. Easier for transactions and margin loans. Customer still has rights to div.s or voting rights,
Must specify on New Account Form on how selling happens and what happens to the money (transferred to customer or held in credit account).
1st: Give instructions (ACATS Form) to new broker dealer (what's moving, full/partial, name, old account #),
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