FINRA rule change—Trump Accounts under Code §530A

[Gary Lesser]

FINRA rule change—Trump Accounts under Code §530A

Publication: July 7, 2026
Federal Register document: 2026-13648
Source: FINRA Rule 3210 treatment of Code §530A accounts
Comments due: July 28, 2026

FINRA amended Rule 3210 to except Code §530A Trump Accounts from its requirements concerning accounts maintained by associated persons at other broker-dealers or financial institutions.

Consequently, associated persons generally will not need:

• prior written employer-firm consent;
• notice to the institution holding the Trump Account; or
• duplicate confirmations and account statements under Rule 3210.

FINRA treated the change as immediately effective, citing the standardized, passive nature of Trump Accounts and their limited eligible investments