FINRA rule change—Trump Accounts under Code §530A

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

Following this rule change, a securities broker-dealer need not require its worker to report one’s opening of a securities account beyond one’s employer if the account is restricted to § 530A accounts (and other securities excused under the rule).

Likewise, other banking, commodities, insurance, investment-advice, securities-related, and other financial-services business that supervise all or some workers’ personal transactions might excuse reporting a § 530A account.

Yet, a financial-services business might in its procedures require more disclosure and reporting than public law, including self-regulatory organizations’ rules, requires.

This is not advice to anyone.