ADuplicate brokerage account statements must be sent to the employee’s broker-dealer upon request.
BDuplicate brokerage account confirms must be sent to the employee’s broker-dealer upon request.
CThe employee’s broker-dealer must approve of the account before it is opened.
DDuplicate mutual fund company statements must be sent to the employee’s broker-dealer.
✓ Correct answer: D. Duplicate mutual fund company statements must be sent to the employee’s broker-dealer.Mandated by FINRA Rule 3210 for brokerage accounts, and supported by MSRB Rule G-28 for accounts dealing in municipal securities: Duplicate mutual fund company statements are not a requirement for an employee of one broker-dealer opening an account with another broker-dealer, whereas duplicate brokerage account statements and confirms must be sent to the employee’s broker-dealer upon request. Also, the employee’s broker-dealer must approve of the account before it is opened.
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