Multiple DTC intra-firm ACATs

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Dec 26, 2009 9:46 am

Does anyone know when you have a situation where a firm is still consolidating after a merger and has multiple DTC numbers if it is a requirement to get new paperwork and ACAT forms to transfer an account between the two DTC numbers in the same firm?   As I recall, when AGE and Wachovia merged that was the case until after the full conversion.  Any help would be very much appreciated.

Dec 26, 2009 2:22 pm

Absolutely not.

Dec 26, 2009 2:45 pm
Ramajama:

Does anyone know when you have a situation where a firm is still consolidating after a merger and has multiple DTC numbers if it is a requirement to get new paperwork and ACAT forms to transfer an account between the two DTC numbers in the same firm?   As I recall, when AGE and Wachovia merged that was the case until after the full conversion.  Any help would be very much appreciated.



Yes. I believe that can happen. It's all about broker-dealer registration. Even if both firms are owned by the same entity but both firms are registered separately (they have different bd numbers), then they would have to dtc/acat everything to get it under one roof.