SEC Approves MSRB Customer Account Transfer Rule, Sets Effective Date

The SEC approved changes to the MSRB rule on customer account transfers. The changes amend MSRB Rule G-26 in order to (i) "modernize" the existing rule, (ii) harmonize it with the rules of other self-regulatory organizations, and (iii) provide a uniform customer account transfer standard for dealers.

The MSRB announced that the amendments will become effective on January 29, 2018.