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FINRA Rule 2270

Requires a firm to provide a day-trading risk disclosure statement to any non-institutional customer individually before an account is open for them or on their behalf. Also requires the statement to be posted on the firm's website in a clear and conspicuous manner.

Rule Overview

Jurisdiction: United States

Regulator: FINRA

Topic: Risk Management

Overview
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A firm has the option to provide and post an alternative statement so long as this:

  • is substantially similar to that stipulated by the rule
  • is filed with FINRA’s Advertising Department for review at least 10 days prior to use
  • receives explicit FINRA approval
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