4.31 Trust Fund Records To Be Maintained

If the Company maintains a trust fund bank account in a particular State, the funds in the account must be kept separate, distinct, and apart from funds belonging to the broker or to any other person for whom the broker holds funds in trust. Additionally, the following must occur:

• The Broker must maintain detailed trust fund records.

• Trust fund records need to be maintained in columnar form and all required columns of information per State regulations and must be filled out completely.

• Trust fund records reflected cannot contain any inaccurate postings of dates or amounts.

Whether the Company maintains a trust fund account or elects not to maintain a trust fund account in that particular State, an Agent in either case, is required to maintain trust fund records as soon as the Agent has any contact with trust funds.

Agents and Associates are strictly prohibited from opening their own trust fund account for any reason.