Under MFDA Rule 200, what action must a Member take if required supporting documentation for a new account is not received within 25 days of the account being opened?

Question

Accepted Answer

Rule 200 requires that if documentation is not obtained within 25 days, the Member must take 'positive actions' to obtain it or restrict the account (e.g., to liquidating trades).

Under MFDA Rule 200, what action must a Member take if required supporting documentation for a new account is not received within 25 days of the account being opened?

Discussion