Series 28: Nontransferable Assets

Nontransferable Assets

When account assets cannot be readily transferable, those assets need not be transferred within the required time frame. A nontransferable asset may include:

• • An asset that is a proprietary product of the carrying member (e.g., the broker-dealer’s own mutual fund)
• • An asset that is a product of a third party (e.g., a customer’s mutual fund)
• • An asset that may not be received due to regulatory limitations on the scope of the receiving member’s bus