FINRA Rule 3240: Can My Client Fund My Vacation?

In our modernized world of peer-to-peer lending, where pulling a template promissory note from the internet is possible, one area of scrutiny that FINRA member firms often overlook is borrowing from and lending to a customer. FINRA Rule 3240 addresses this topic and provides some limited conditions under which a registered representative may borrow money from (or lend money to) a customer.
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