{"id":2517,"date":"2017-04-30T00:00:00","date_gmt":"2017-04-30T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/brokers-allowed-borrow-customers\/"},"modified":"2018-10-08T12:36:58","modified_gmt":"2018-10-08T16:36:58","slug":"brokers-allowed-borrow-customers","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/brokers-allowed-borrow-customers\/","title":{"rendered":"Are Brokers Allowed to Borrow from Customers?"},"content":{"rendered":"<h2 style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3609\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/pic-7.jpg\" sizes=\"auto, (max-width: 492px) 100vw, 492px\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/pic-7.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/pic-7-150x150.jpg 150w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/pic-7-300x300.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/pic-7-768x768.jpg 768w\" alt=\"Are Brokers Allowed to Borrow from Customers? on silverlaw.com\" width=\"492\" height=\"492\" \/><\/h2>\n<h2 style=\"text-align: justify;\">The answer, in most all cases, is \u201cno\u201d<\/h2>\n<p style=\"text-align: justify;\">In order to become licensed, one of the things a broker has to do is agree to adhere to the rules and regulations established by the Financial Industry Regulatory Authority (FINRA). One of these rules involves the borrowing of money from clients, and on this matter FINRA is very clear.<\/p>\n<p style=\"text-align: justify;\">Among other stipulations, <a href=\"http:\/\/finra.complinet.com\/en\/display\/display_main.html?rbid=2403&amp;element_id=9055\"  rel=\"noopener noreferrer\" target=\"_blank\"><span style=\"text-decoration: underline;\">FINRA Rule 3240<\/span><\/a> says that unless the person is an immediate family member or a firm has specific written procedures about borrowing and lending, then it constitutes a violation.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/brokers-allowed-borrow-customers\/\"  title=\"Continue Reading Are Brokers Allowed to Borrow from Customers?\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The answer, in most all cases, is \u201cno\u201d In order to become licensed, one of the things a broker has to do is agree to adhere to the rules and regulations established by the Financial Industry Regulatory Authority (FINRA). One of these rules involves the borrowing of money from clients, and on this matter FINRA [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588],"tags":[9],"class_list":["post-2517","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","tag-finra"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are Brokers Allowed to Borrow from Customers? &#8212; Securities Arbitration Lawyers Blog &#8212; April 30, 2017<\/title>\n<meta name=\"description\" content=\"Check out the new article Are Brokers Allowed to Borrow from Customers? on silverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/brokers-allowed-borrow-customers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Are Brokers Allowed to Borrow from Customers? 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