StacksVerified U.S. regulatory reference

12 CFR §150.600

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
If you act in an exempt fiduciary capacity under § 150.580, the funds of the fiduciary account may be invested only in the following:
  1. (a)Your accounts, deposits, obligations, or securities.
  2. (b)Other assets as the customer may direct, provided you do not exercise any investment discretion and do not directly or indirectly provide any investment advice for the fiduciary account.