I work for a joint Investment Adviser/Broker-Dealer (IA-B/D) firm. Do we have separate financial accounts for registration requests?
No. A joint IA-B/D firm has one shared registration account (Daily Account) and the system deducts transactions for IA and BD registration requests from that one account. However, IARD and CRD transactions will be easily identified in the Transaction Detail Query and the Monthly Account Activity Report. Funds deposited to the shared Daily Account will be available for all filings made.
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