How often must inactive brokerage accounts receive account statements?

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Inactive brokerage accounts must receive account statements on a quarterly basis. This requirement is in place to ensure that investors are kept informed about the status of their accounts, even if they are not currently active. Regular statements can include essential information, such as account balances, transactions, and any fees, which helps maintain transparency and ensures that account holders are aware of any changes or updates that may affect their investments.

Other frequencies like monthly, bi-annually, or annually do not meet the regulatory requirements set forth by the Financial Industry Regulatory Authority (FINRA) for inactive accounts. Quarterly statements strike a balance between frequency and practicality, allowing account holders to stay informed without overwhelming them with too much information.

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