Byline: Alan J. Foxman I'm looking to buy a small broker-dealer. The seller informed me that the clients have all transferred their accounts out (which is fine with me). However, it's my understanding that I have to retain the client information. The seller says that since the clients have closed ...
Read this article at When Client Accounts Transfer; How Long Must a Broker-Dealer Keep Records of Accounts That Have Left the Firm?
Read this article at When Client Accounts Transfer; How Long Must a Broker-Dealer Keep Records of Accounts That Have Left the Firm?