Series 28: Supervision Of Supervisors

Supervision of Supervisors

Supervisory procedures must identify the titles, registration status, locations, and responsibilities of the firm’s required supervisory personnel. It must keep a record, for a period of not less than three years (the first two years in an easily accessible place), of the names of all supervisory personnel and the dates they obtained their supervisory positions.

Supervisory procedures must also prohibit supervisors from supervising their own activities. They must prohibit supervisors from reporting to individu