Series 24 General

• Discretionary account authority
• until death of the customer
• continues if the customer becomes mentally in competent

The Customer Protection Rule: requires carrying firms to establish a Special Reserve Bank Account for the protection of customers.

Telephone calls

Note: text messages are considered public communication

Only allowing RR to choose time and price

• A location of convenience is any location used occasionally and by appointment.
• Any location used primarily for nonsecurities business and from which fewer than 25 securities transactions are effected annually

• the right to return securities that were accepted and the determined to not be in good form.
• defaulted bonds can not be reclaimed as it is not a protection against loss.

An exception to the general ban on soliciting for Rule 144 sales for insiders occurs when customers have called indicating interest within the last ten business days or when other broker/dealers have called indicating interest within the last 60 calendar days.