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Should Account Type Code “E” be used for orders received from former or retired brokers of my firm or another firm?

April 26, 2017account brokers code firm orders received retired type Used

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Should Account Type Code “E” be used for orders received from former or retired brokers of my firm or another firm?

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No. Account Type Code “E” should only be used for orders received for your employees’ accounts, not for orders received for the accounts of former or retired brokers of your firm or any other firm. These orders would likely be classified as Account Type “R” (retail). See C34.