Transfer-Interference Restrictions

What this video covers

• Why a customer request to transfer that accompanies a registered representative's employment change is legally protected, and what "protected customer request" means in regulatory terms
• How an employment dispute between firms differs from a bona fide claim tied to the account itself, and why the distinction determines whether interference is prohibited or permitted
• When a member or associated person may not interfere with a transfer request, even when bosses demand the transfer be blocked
• The only two acceptable bases for permitted interference: a lien for money owed by the customer or another bona fide claim on the account
• Why a judicial order or decree seeking to bar or restrict a written transfer request is still prohibited interference when no lien or bona fide claim exists
• The supervisor's two-question checklist for deciding whether Ollie the operations associate can legally halt the transfer
• How to apply the ordinary customer account-transfer process once you confirm no lien and no bona fide claim exists