9 ways advisers may have custody without knowing it
![It qualifies as custody even if an RIA <a href="https://www.sec.gov/divisions/investment/noaction/2007/iaa092007.pdf"target="_blank">inadvertently receives client</a> assets and does not return them to the sender within three business days.
The period extends to five business days in the case of the inadvertent receipt of settlement checks, tax refund checks, and dividend payments.](https://s32566.pcdn.co/wp-content/uploads/2019/10/FREE_100509999_PH_6_TRJXJBRRMRRF.jpg.optimal.jpg)
It qualifies as custody even if an RIA inadvertently receives client assets and does not return them to the sender within three business days.
The period extends to five business days in the case of the inadvertent receipt of settlement checks, tax refund checks, and dividend payments.