 |
Code of Federal Regulations (Last Updated: July 5, 2024) |
 |
Title 17 - Commodity and Securities Exchanges |
|
Chapter II - Securities and Exchange Commission |
|
Part 300 - Rules of the Securities Investor Protection Corporation |
|
Accounts of “Separate” Customers of SIPC Members |
§ 300.101 - Individual accounts.
Latest version.
-
§ 300.101 Individual accounts.
(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.