3202. Identifying all new clients

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    1. A Dealer Member must use due diligence to learn and remain informed of the essential facts relative to every order, account and client that is accepted, and to establish:
      1. the identity of every new client and, if there is any cause for concern, make inquiries as to the reputation of the client, 
      2. whether the client is an insider of a reporting issuer or any other issuer whose securities are publicly traded, and
      3. the creditworthiness of the client if the Dealer Member is financing the client’s acquisition of a security. 
    2. A Dealer Member must complete an account application for each new  client in accordance with the requirements set out in Rule 3200. 
    3. A Dealer Member must take reasonable steps to keep the information required under Part A of Rule 3200 current.

    There is no history log for this rule.

    There is no history log for this rule.