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Zorluk: KolayAccount Statements, Privacy Protection, and Regulation S-P

Under FINRA rules governing customer account disclosures, a broker-dealer must deliver an account statement to a customer at least quarterly, but must send a statement monthly for any month in which activity occurs in the account.

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Under FINRA rules, broker-dealers must send account statements at least quarterly to customers, but the delivery frequency increases to monthly whenever trading or other account activity occurs during that month.

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1

Identify the base statement frequency requirement for inactive customer accounts.

Broker-dealers are required to send statements at least quarterly even when there is no activity.

To keep customers regularly informed about their holdings and account balances.

2

Identify the delivery trigger for monthly account statements.

Any account activity during a calendar month triggers a requirement to deliver a statement for that specific month.

FINRA rules demand timely disclosure following account transactions or interest/dividend postings.

Anahtar Kavram

Customer Account Statement Delivery Frequency Rules

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Account Statements, Privacy Protection, and Regulation S-P