407 letter 2025

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The document is a Letter of Approval for opening a brokerage account for an individual affiliated with a FINRA or Exchange Member Firm. It includes sections for the account holder to acknowledge their affiliation, provide personal information, and authorize the account opening. Additionally, it requires confirmation from a compliance officer at Cambria Capital, LLC.

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Click ‘Get Form’ to open the 407 letter in the editor.
Begin by entering your Account Number in the designated field at the top of the form.
In the Compliance Review section, provide any necessary details as required by your compliance department.
Fill in your signature and date in the Employee (Account Holder) Signature section, ensuring that you also print your name clearly below.
Enter your Social Security Number in the appropriate field for identification purposes.
Complete the Employer Information section by filling out the Name of Employer, Employer Address, City/State/Zip, and Company Phone fields accurately.
Indicate whether your firm requires duplicate confirmation and statements by selecting 'Yes' or 'No' for each option.
Finally, have a Compliance Officer sign and date the form, along with their printed name and title.

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What is a 407?

An I-407 is an immigration form through which a lawful permanent resident (LPR) can voluntarily relinquish his green card.

What is a 407 letter for?

A 3210 Letterformerly known as a 407 Letteris the written permission that an employer gives for certain member employees to hold investments.

What is the 407 letter or 3210 letter?

The purpose of FINRA Rule 3210 (and formerly rule 407) is to ensure that registered brokerage firms, brokers and financial advisors are able to avoid any conflicts of interests by maintaining high ethical standards.

What is Rule 407 of the securities Act?

(b) No member (associated with a member or member organization) or employee associated with a member or member organization shall establish or maintain any securities or commodities account or enter into any securities transaction with respect to which such person has any financial interest or the power, directly or

What is NYSE rule 407?

Financial Industry Regulatory Authority (FINRA) mandates under Rule 407 that any associated person of a member firm must first obtain written consent from their employing firm before opening or maintaining a brokerage account at another broker-dealer or financial institution.

llc information

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What is the purpose of a 407 letter?

A 407 compliance letter is mandated by FINRA to oversee securities accounts held by broker-dealer employees. Compliance with Rule 407 promotes transparency and prevents conflicts of interest in the financial industry. Adherence to this and complementary regulations is crucial for maintaining market integrity and trust.

What is the difference between rule 407 and 3210?

Rule 3210 applies to registered representatives and their member firms registered with FINRA, whereas Rule 407 applied to member organizations and their employees registered with the New York Stock Exchange (NYSE).