MN SF4264

Requires broker-dealers to establish and maintain written supervisory procedures to prevent and detect violations of securities law, with copies kept at each branch office affiliated with the broker-dealer

Prohibits investment advisers from accessing client accounts using the client's unique login credentials such as usernames and passwords

Establishes detailed standards for dishonest or unethical business practices for broker-dealers and their agents, including prohibitions on excessive trading, unauthorized transactions, guaranteeing against losses, and deceptive advertising

Requires broker-dealers to provide written transaction confirmations to customers describing the security, date, price, commissions, and whether the transaction was solicited or unsolicited

Mandates investment advisers establish written policies for business continuity, succession planning, physical security, and cybersecurity to protect client records and information