Skip to content
BOL Conferences
Thread Options Tools
#37229 - 10/16/02 01:08 PM ID rules and Investments
BankerMama Offline
Diamond Poster
Joined: Jun 2001
Posts: 1,543
If the bank sells investment products how will the customer identificaton rules apply?

Return to Top
General Discussion
#37230 - 10/16/02 01:45 PM Re: ID rules and Investments
redsfan Offline
Power Poster
Joined: Dec 2000
Posts: 3,455
The Pennant Race
There is an ongoing question about this, because the bank is not really selling the securities - they are offered through some broker/dealer. The B/D is required to have its own customer identification program.

I'm thinking that the CIP for the B/D will apply to new investment accounts. This means that we will need to cinsult with our Borker/Dealer partners to determine what their CIPs require.
The opinions expressed here are personal and do not represent opinions of my employer.

Return to Top