The Securities and Exchange Commission has approved a proposed rule change to permit the use of electronic signatures for discretionary accounts and to clarify the scope of the rule.
Given technological advances relating to electronic signatures, including authentication and security, FINRA has amended Rule 4512(a)(3) to permit the use of electronic signatures.
The rule change is consistent with the Electronic Signatures in Global and National Commerce Act (E-Sign Act), which facilitates the use of E-signatures.