Potential Scenario: After completing the required Consent to Share Information form a client asks you to email his 1099 to his CPA. The client asks, “Will you black out the account number on the 1099 prior to emailing to my CPA? This is for privacy reasons.”
Please note that it is NOT permitted to black out, white out, or alter any information on a client statement, 1099, or client report (such as an Albridge Report). In this scenario, you should explain to the client that you are not permitted to alter the form. You can email the document to the client and the client can determine how they provide it to the CPA/third party.
Please contact the Prosperity Network Compliance Team with any questions: compliance@prosperityadvisors.com or 913-529-5500 Option 2.
Dianne L. Eggert, CFE
Compliance Manager
Internal Use Only