| Article 3 |
A securities firm keeping custody of and investing funds on behalf of customers shall do so using a cash management account, and shall keep customer funds segregated from the securities firm's own proprietary assets. Neither the funds nor the investment instruments of such a cash management account may be used for other purposes.
No creditor with respect to a debt against a securities firm's proprietary assets may demand attachment or exercise any other rights against the funds or the investment instruments in the cash management account of the preceding paragraph.
A securities firm shall set up separate customer ledgers within the cash management account of paragraph 1 and record therein on a daily basis all fund payment and receipt transactions and matters related to investment of the funds.
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