Regulatory Notice - 10-54

FINRA Requests Comment on Concept Proposal to Require a Disclosure Statement for Retail Investors at or Before Commencing a Business Relationship

 

Comment Period Expired: December 27, 2010

Executive Summary

FINRA requests comment on a concept proposal to require member firms, at or prior to commencing a business relationship with a retail customer, to provide a written statement to the customer describing the types of accounts and services it provides, as well as conflicts associated with such services and any limitations on the duties the firm otherwise owes to retail customers.

 

Questions concerning this Notice should be directed to:

  • Philip Shaikun, Associate Vice President, Office of General Counsel, at (202) 728-8451.

 

This letter was submitted by 307 individuals. Please contact us to request a list of commenters.

View Full Notice PDF 83 KB


The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments.


Comments By Date Received
INFINITY Financial Services (PDF 43 KB) 10/27/2010
St Bernard Financial Services, Inc. (PDF 20 KB) 10/27/2010
Pyramid Funds Corporation (PDF 18 KB) 10/28/2010
William C. Burnside & Company (PDF 189 KB) 11/4/2010
Berthel Fisher & Company (PDF 12 KB) 11/4/2010
First Georgetown Securities, Inc (PDF 17 KB) 11/10/2010
Whitehall-Parker Securities, Inc. (PDF 12 KB) 11/10/2010
Richard Bryant (PDF 7 KB) 11/11/2010
JANCO Partners, Inc. (PDF 50 KB) 11/24/2010
SIFMA (PDF 69 KB) 12/3/2010
Summit Financial Resources, Inc. (PDF 53 KB) 12/6/2010
Timothy N. Weimer (PDF 12 KB) 12/10/2010
MWA Financial Services, Inc. (PDF 46 KB) 12/10/2010
Churchill Financial, LLC (PDF 96 KB) 12/14/2010
Neville Golvala (PDF 31 KB) 12/16/2010
Generations Financial Planning & Wealth Management (PDF 52 KB) 12/17/2010
TIAA-CREF Individual & Institutional Services LLC (PDF 35 KB) 12/17/2010
Howard University School of Law (PDF 127 KB) 12/18/2010
Howard University School of Law (PDF 158 KB) 12/18/2010
Howard University School of Law (PDF 148 KB) 12/18/2010
GWFS Equities, Inc. (PDF 94 KB) 12/20/2010
Bank of America (PDF 1,404 KB) 12/20/2010
NAIBD (PDF 75 KB) 12/20/2010
David Neuman (PDF 16 KB) 12/21/2010
BlackRock, Inc. (PDF 424 KB) 12/21/2010
Janney Montgomery Scott LLC (PDF 707 KB) 12/22/2010
NAIFA (PDF 31 KB) 12/22/2010
State Farm VP Management Corp. (PDF 82 KB) 12/22/2010
AALU (PDF 91 KB) 12/22/2010
NSCP (PDF 48 KB) 12/23/2010
Investment Company Institute (PDF 97 KB) 12/23/2010
Capital Analysts (PDF 85 KB) 12/23/2010
T.N. Weimer (PDF 12 KB) 12/23/2010
Stock USA Execution Services, Inc. (PDF 14 KB) 12/23/2010
Edward Jones (PDF 29 KB) 12/27/2010
LPL Financial (PDF 380 KB) 12/27/2010
Fidelity Investments (PDF 3,206 KB) 12/27/2010
Sutherland Asbill & Brennan LLP (PDF 147 KB) 12/27/2010
Fiduciary360 (PDF 102 KB) 12/27/2010
Paul Scheurer (PDF 20 KB) 12/27/2010
The Investor Rights Clinic at Pace Law School (PDF 199 KB) 12/27/2010
The Financial Services Roundtable (PDF 143 KB) 12/27/2010
StockCross Financial Services, Inc. (PDF 35 KB) 12/27/2010
The American Council of Life Insurers (PDF 309 KB) 12/27/2010
National Planning Holdings, Inc. (PDF 37 KB) 12/27/2010
Wells Fargo Advisors, LLC (PDF 119 KB) 12/27/2010
Financial Services Institute, Inc. (PDF 1,527 KB) 12/27/2010
PIABA (PDF 21 KB) 12/27/2010
Dan Worthy (PDF 20 KB) 12/27/2010
Bonnie K. Wachtel (PDF 21 KB) 12/27/2010
NPB Financial Group, LLC (PDF 67 KB) 12/27/2010
Selkirk Investments, Inc. (PDF 31 KB) 12/30/2010
J.A. Glynn & Co. (PDF 78 KB) 12/30/2010