Educational Communication on Recruitment and Account Transfers
Chapters in this video
- 0:00 Riley the Representative and the FINRA educational communication
- 1:08 Who counts as a former customer: the assigned account test
- 1:36 The three-month window from the representative's start date
- 2:21 Three delivery pathways: written, oral, and no contact
- 3:55 The non-natural person exclusion versus wealthy natural persons
- 4:58 Why express rejection is a pause button, not a permanent shield
- 5:57 Rapid-fire exam recap
What this video covers
- What triggers the delivery requirement: individualized contact about a transfer or a former customer's self-initiated transfer
- Who qualifies as a former customer: an account formally assigned to the registered person at the previous firm, not merely someone the person spoke with
- How to match delivery method to contact type: accompany written contact, notify orally and deliver within 3 business days, or attach to transfer documentation for no contact
- Why the three-month window is always measured from the registered person's start date at the new firm, never from any contact date
- The institutional-account exclusion for non-natural persons and why a wealthy natural person with $50 million or more is still covered
- Why an express rejection only pauses the duty and reactivates if the customer transfers on their own initiative within the three-month window
- How to distinguish the three-month overall window from the three-business-day follow-up deadline after oral contact
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 82 course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.