Series 62

Recommendations Professional Conduct And Taxation - Information Obtained From An Issuer

If a broker dealer obtains information during the performance of duties to an issuer of securities, it may not use that information to solicit business. A broker dealer may obtain information from an issuer while acting as:

  • An underwriter
  • Transfer agent
  • Paying agent
  • Investment banker
Registered representatives and broker dealers may not disclose any information regarding clients to a third party, without the clients expressed consent or without a court order. If the client is an issuer of securities and the broker dealer is an underwriter, transfer agent, or paying agent for the issuer, then the broker dealer is precluded from using the information it obtains, regarding the issuer’s security holders, for its own benefit.



comments powered by Disqus
Trading Center