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  • 3120. Use of Information Obtained in Fiduciary Capacity

    This rule is no longer applicable. NASD Rule 3120 has been superseded by FINRA Rule 2060. Please consult the appropriate FINRA Rule.

    A member who in the capacity of paying agent, transfer agent, trustee, or in any other similar capacity, has received information as to the ownership of securities, shall under no circumstances make use of such information for the purpose of soliciting purchases, sales or exchanges except at the request and on behalf of the issuer.

    Cross Reference–

    Rule 2330, Customers' Securities or Funds