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WFN QUICK BRIEF · UNDER 1 MIN
The short version
MODE 2 OF 2
What the primary record establishes
FINRA Rule 2273 requires the prescribed educational communication when a newly associated representative’s former customer is individually contacted to transfer assets, or transfers without that contact to the representative’s assigned account. FINRA Rule 2273 ↗
What the distinction changes
The delivery requirement applies for three months after the representative joins the firm. The rule also defines former customers and provides specific exceptions. FINRA Rule 2273 ↗
What to check before drawing a conclusion
A review should connect the joining date, former-customer status, contact channel and delivery evidence. A sales script alone does not show that the educational material was sent.
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Original WFN vector illustrationWFN · 28 October 2026
Editorial noteSource-based explanation with original WFN analysis. Historical records retain their dates; numerical examples are illustrative. The original vector illustration is conceptual and is not documentary evidence.
WFN REALITY LEDGER
What is on the record?
Primary-source explainer
Primary-source explainer
Primary record / reference periodExisting recruitment-related educational-communication rule
The linked source supports the documented record; WFN interpretation and illustrative examples are separate.
The educational communication is linked to recruitment and asset transfers. Written and oral first contact have different delivery mechanics.
01 · VERIFIED RECORD
What the primary record establishes
FINRA Rule 2273 requires the prescribed educational communication when a newly associated representative’s former customer is individually contacted to transfer assets, or transfers without that contact to the representative’s assigned account. FINRA Rule 2273 ↗
At written first contact it accompanies the communication; electronic contact may link directly to it. After oral contact, it must be sent within three business days or with earlier transfer documentation, whichever comes first. FINRA Rule 2273 ↗
02 · WFN EDITORIAL ANALYSIS
What the distinction changes
The delivery requirement applies for three months after the representative joins the firm. The rule also defines former customers and provides specific exceptions. FINRA Rule 2273 ↗
This is therefore not a generic statement that every account transfer has the same three-day notice clock. The recruitment relationship and type of contact are relevant triggers.
03 · REVIEW POINTS
What to check before drawing a conclusion
A review should connect the joining date, former-customer status, contact channel and delivery evidence. A sales script alone does not show that the educational material was sent.
The existing rule helps make transfer considerations visible before a customer follows a person to a new institution. That communication does not independently establish that moving the assets is suitable or cost-free.
