What is TRUE regarding a person who has an online brokerage account but has just been hired by a broker-dealer?

When an individual who is employed by a broker-dealer has an online brokerage account, they are permitted to maintain that account as long as they obtain written consent from their new employer. This is in line with regulatory requirements aimed at preventing conflicts of interest and ensuring compliance with securities laws.

The consent typically involves disclosing the account details to the employer, who may review potential trades to mitigate any risk associated with insider information or unfair advantage. This arrangement allows the individual to continue managing their investment without needing to abruptly close the account, which can be advantageous for maintaining their existing investment strategies and without incurring unnecessary fees or market losses.

Options that suggest the individual must close the account immediately, cannot maintain it at all, or must transfer it within a specific timeframe misinterpret the regulations governing such situations. Written consent provides a pathway for compliance while allowing the individual to retain their account.