FINRA Manual: Contents
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Capital Acquisition Broker Rules
200. DUTIES AND CONFLICTS
208. Expungement of Customer Dispute Information from the Central Registration Depository (CRD) System
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209. Know Your Customer
This version of the rule (or interpretive material) does not become effective until Apr 14 2017.
Every capital acquisition broker shall use reasonable diligence to know (and retain) the essential facts concerning every customer and concerning the authority of each person acting on behalf of such customer. For purposes of this Rule, facts "essential" to "knowing the customer" are those required to (a) effectively service the customer, (b) understand the authority of each person acting on behalf of the customer, and (c) comply with applicable laws, regulations and rules.
Adopted by SR-FINRA-2015-054.
Selected Notice: 16-37.