191—50.20 (502) Broker-dealers having contracts with national and state banks.
	 50.20(1) A broker-dealer engaging in securities activities with banks as permitted by subrules 50.19(2) and 50.19(3) shall maintain for three years and make available to the administrator upon request the following records:
	  a.   	 Copies of all advertisements and promotional literature disseminated by the bank and broker-dealer regarding securities services and products offered by the broker-dealer to bank customers and the public;
	  b.   	 Copies of each contract executed between the bank and the broker-dealer which propose to sell securities to bank customers or the public;
	  c.   	 Copies of new account forms to be completed by bank customers or members of the public who open an account with the broker-dealer;
	  d.   	 A list of every bank employee who is a registered securities agent of the broker-dealer and the employee’s social security number and CRD number; and
	  e.   	 Copies of compliance and procedures manuals regarding the securities activities of the bank.
	 50.20(2) In addition to any responsibilities assumed pursuant to subrule 50.69(5), a broker-dealer engaging in securities transactions pursuant to a contract with a bank as permitted by subrules 50.19(2) and 50.19(3) shall not allow a person who is not an Iowa-registered securities agent of the broker-dealer to use the broker-dealer name, logo, or trademark on business cards or letterheads.
This rule is intended to implement Iowa Code sections 502.102(4)“c” and 502.401.