§ 300.101. Individual accounts.
88 words·~1 min read·
/us/cfr/t17/s§ 300.101·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Except as otherwise provided in these rules, all accounts held with a member by a person in his own name, and those which under these rules are deemed his individual accounts, shall be combined so as to constitute a single account of a separate customer.
(b)An account held with a member by an agent or nominee for another person as a principal or beneficial owner shall, except as otherwise provided in these rules, be deemed to be an individual account of such principal or beneficial owner.