Outside Securities Accounts

What this video covers

• The outside-accounts rule: why both the employing broker-dealer (BD) and the executing firm must receive written notification from the agent
• Why written consent from the employer is mandatory, and why mere notification alone is an exam trap
• The 30-calendar-day deadline for notifying and obtaining consent when an outside account predates employment
• Duplicate confirmations and statements: the employer's right to request them and the executing firm's obligation to comply
• Beneficial interest and immediate family member accounts, including why a spouse's or minor child's account triggers the same requirements
• Product exemptions from the outside-accounts rule, including mutual funds, unit investment trusts (UITs), 529 plans, variable contracts, municipal fund securities, and non-securities products