A customer’s account can be transferred to another broker dealer even if the registered rep servicing that account is being investigated by FINRA or if the rep is involved in litigation with his/her employer.
To transfer the account, the customer would complete an Automated Customer Account Transfer (ACAT) and go through the traditional account transfer process.
Written by brian@knopman.com
Related posts
- Read more
Crush the SIE Exam with the Video Vault
Are you feeling overwhelmed by the sheer volume of Securities Industry Essentials (SIE) exam cont
- Read more
Master the Series 63 Exam with the Video Vault
Are you feeling overwhelmed by the dense text of Series 63 exam prep? Do you consider yourself mo
- Read more
How To Pass the Series 7 Exam in 2025
You’ve already passed your SIE and you’re ready for the next step – the Series 7 exam. The Series