Series 24: 2.8.5.6. Form Custody

Taken from our Series 24 Online Guide

2.8.5.6. Form Custody

The quarterly FOCUS report must be accompanied by Form Custody, which discloses to the SEC the broker-dealer’s practices with respect to maintaining custody of its customers’ securities and cash. The reports are designed to establish a custody profile for the broker-dealer that auditors can use as a starting point to focus their custody examinations.

Carrying broker-dealers must:

Reveal whether they

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