Article 166 to entrust a securities company with the processing of securities trading, an investor shall apply for opening a securities account.

第一百六十六条投资者委托证券公司进行证券交易，应当申请开立证券账户。

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Article 17. QFII should mandate its custodian to apply for a securities account on its behalf with securities registration and settlement institution.

第十七条合格投资者应当委托托管人，在证券登记结算机构代其申请开立一个证券账户。

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A securities registrar and clearance institution shall, in accordance with relevant regulations, open a securities account for the investor in the investor's own name.

证券登记结算机构应当按照规定以投资者本人的名义为投资者开立证券账户。

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An interesting aside was that the Panel gave weight to the existence of similar or more aggressive risk tolerance at a prior brokerage affirm where claimants maintained a securities account.

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The custodians are all regulated by the SEC and FINRA, audited by a nationally recognized accounting firm, and each account is protected for loss of securities by a combination of SIPC insurance and commercial excess Securities Investor Protection Corporation (SIPC).

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