FINRA Rule 3210 was approved by the SEC in April 2016 and was rolled out in order to ensure that member companies, brokers, and advisors perform at expected ethical standards. The rule specifically deals with accounts that brokers and advisors open at firms that are not where they are employed or registered. It requires all licensed employees to declare investment accounts held at other institutions as well as requiring said employees to notify their employer, in writing, of both their intent to open the account and declare all accounts where they have a financial or beneficial interest.