This rule is no longer applicable. Incorporated NYSE Rule 407A has been superseded by FINRA Rule 3210. Please consult the appropriate FINRA Rule.
(a) Each member must promptly report to the Exchange any securities account, including an error account, in which the member has, directly or indirectly, any financial interest or the power to make investment decisions, which is at a member or non-member broker-dealer, investment advisor, bank or other financial institution. A report shall contain such information as the Exchange may from time to time require.
(b) A member having an account referred to above, including an account over which such member has the power to make investment decisions, shall notify the financial institution that such person is a member of the Exchange.
(c) A member must report to the Exchange when any securities account referred to in (a) above is closed.
• • • Supplementary Material: --------------
.10 Purchases of a security of a publicly traded registered investment company directly from the issuer or principal underwriter shall not be deemed a securities account for purposes of this Rule. Interest in a nonpublicly traded investment vehicle, including hedge funds, is reportable under this Rule.
