As I mentioned in a previous question, our Broker Dealer is being bought out by a larger broker dealer and becoming a branch of the new BD. If we choose to go with the new, larger BD, we will be able to block transfer and we will not need to repaper our clients. We have been told that if we decide to NOT go with the new BD, we will need to repaper all of our clients, even though our current BD is ceasing to operate. It was my understanding that according to FINRA regulations, because our BD is ceasing to operate a block transfer is available for all reps regardless of what BD they choose to move to. Can anyone shed some light on this for me?