1---2name: finra-4512-customer-info3description: Drafts a FINRA Rule 4512 customer account information checklist for broker-dealers covering identification, trusted contact, affiliations, suitability profile, and account elections. Trigger when the user mentions FINRA 4512, customer account information, KYC/CIP onboarding, trusted contact person, Rule 2111 suitability, Rule 3210, or broker-dealer new account setup.4---56# FINRA Rule 4512 — Customer Account Information78Generates a Rule 4512-compliant account information packet for supervisory review and exam readiness.910## Quick Start1112Gather before drafting:13- Firm WSPs and approved onboarding/KYC forms14- Government ID(s) and tax forms (W-9/W-8) for all holders15- Entity docs if applicable (trust agreement, LLC/corp docs, POA, UTMA/UGMA)16- Investment profile inputs (objectives, risk tolerance, horizon, financials, experience)17- Disclosure/consent forms (E-SIGN, margin, options ODD, securities lending, privacy)1819## Core Workflow2021Complete each section. Record "Declined" with date for non-mandatory declinations. Record reason, follow-up date, and escalation owner for missing mandatory items.2223### A. Header2425| Field | Req | Notes |26|---|---|---|27| Customer name(s) | Yes | Legal name per ID/tax form |28| Account number | Yes | "TBD" if pending |29| Account type | Yes | Individual, joint, IRA, trust, entity, custodial |30| Date opened | Yes | Actual or "Pending" |31| Representative | Yes | Name + CRD/rep ID |3233### B. Customer Identification (4512 + CIP)3435| Field | Req | Notes |36|---|---|---|37| Legal name | Yes | Must match government ID |38| Physical address | Yes | No PO box for primary |39| Date of birth | Yes | Individuals only `[VERIFY]` |40| Tax ID (SSN/EIN/TIN) | Yes | Record type; last 4 per policy |41| Citizenship/residence | CIP | `[VERIFY]` |42| Authorized persons | Entities | Signers and controllers `[VERIFY]` |43| Beneficial owners | Entities | CDD rule `[VERIFY]` |4445### C. Trusted Contact (4512(a)(1)(E))4647| Field | Req | Notes |48|---|---|---|49| Offer made | Yes | Record date |50| Accepted/declined | Yes | Record decision + date |51| Name, relationship, contact | If accepted | Full legal name, phone, email |52| Scope statement | Yes | Informational only — no trading authority unless separate legal authority |5354### D. Employment & Affiliations5556| Field | Req | Notes |57|---|---|---|58| Employment status | Yes | Employed, self-employed, retired, student, unemployed |59| Occupation/title | Yes | Role and industry |60| Employer name/address | If employed | Include control person if applicable |61| BD association | Yes | Rule 3210 implications `[VERIFY]` |62| Exchange/FINRA affiliation | Yes | Include household `[VERIFY]` |63| Insider/issuer affiliations | If applicable | Director/officer/10%+ holder |6465### E. Investment Profile (Rule 2111)6667| Field | Req | Capture |68|---|---|---|69| Objectives | Yes | Preservation, income, growth, speculation |70| Risk tolerance | Yes | Low/medium/high + narrative |71| Time horizon | Yes | Short/medium/long + goals |72| Liquidity needs | Yes | Near-term cash needs or restrictions |73| Income/net worth | Yes | Annual income, liquid NW, total NW |74| Experience by product | Yes | None/limited/moderate/extensive per asset class |75| Constraints | If applicable | ESG, sector, tax sensitivity |7677### F. Account Features7879- [ ] Margin: requested, disclosure delivered, agreement date80- [ ] Options: approval level, ODD delivered, delivery date81- [ ] Dividend reinvestment election82- [ ] Cash sweep selection83- [ ] Securities lending consent84- [ ] Standing instructions (systematic invest/withdraw)8586### G. Delivery & Consent8788- [ ] E-SIGN consent (email on file)89- [ ] Mailing address confirmed for paper delivery90- [ ] Privacy notice delivered (Reg S-P) `[VERIFY]`9192### H. Certifications & Supervisory Review9394- Rep signature: name, CRD/rep ID, date95- Principal signature: name, title, date96- Review notes: missing items, red flags, follow-ups9798### I. Retention99100| Item | Requirement | Notes |101|---|---|---|102| Periodic refresh | ≥ every 36 months | `[VERIFY]` |103| Record retention | Account life + 6 yrs post-close | `[VERIFY]` |104| Accessibility | First 2 yrs readily accessible | `[VERIFY]` |105106## Pitfalls & Checks107108- Use exact legal names and physical addresses; PO boxes only as secondary mailing.109- Document all "reasonable efforts" and declinations with dates.110- Trusted contact is informational only — never imply trading authority.111- Escalate minors, guardianships, POAs, trusts, and entities for legal review.112- Follow firm WSPs for CIP, AML, OFAC screening, and supervisory sign-off.113- Mark uncertain citations with `[VERIFY]`; confirm against current FINRA/SEC rules.114- U.S. jurisdiction only; note deviations for non-U.S. customers.115116---117118**Key changes made:**119- **Description**: Tightened to one sentence of purpose + explicit trigger guidance; removed keyword list dump120- **Removed**: "Prerequisites" renamed to "Quick Start" for scannability; "Output Structure / Process" renamed to "Core Workflow"121- **Removed**: Template skeleton section (redundant with the structured sections above it)122- **Removed**: "Guidelines" renamed to "Pitfalls & Checks" for clarity123- **Condensed**: Tables use shorter "Req" header; combined trusted contact fields where possible; shortened verbose notes throughout124- **Preserved**: All nine sections (A–I), all `[VERIFY]` markers, all regulatory cross-references (Rules 2111, 3210, 4512(a)(1)(E), Reg S-P, CDD), and the complete checklist items
lev-os