Account Registration Changes and Internal Transfers

What this video covers

• Why only a qualified and registered principal (not the registered representative or RR) can approve account name or designation changes, and what "personally informed" actually requires
• The pre-execution documentation rule: changes tied to a specific trade must be papered before the trade executes, never retroactively
• The Automated Customer Account Transfer System (ACATS) division of labor: receiving firm initiates with the Transfer Initiation Form (TIF), delivering firm validates or takes exception
• The exact ACATS timeline: 1 business day to validate, then 3 business days to move eligible assets, for a 4 business day minimum from initiation
• Why the common trap answer "3 business days from initiation" is wrong, and how to spot it in a multiple-choice stem
• Why re-registration at the same firm (individual to joint, individual to trust, estate transfers) still requires principal approval under the name-change rule
• The supporting documentation required for re-registration: trust documents, marriage certificate or court order, death certificate and letters testamentary