Regulation
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 148 KB) | 12/18/2010 |
| Howard University School of Law (PDF 127 KB) | 12/18/2010 |
| Howard University School of Law (PDF 158 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 |
| 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 |
| Janney Montgomery Scott LLC (PDF 707 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 |
| 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 |
| Edward Jones (PDF 29 KB) | 12/27/2010 |
| LPL Financial (PDF 380 KB) | 12/27/2010 |
| Selkirk Investments, Inc. (PDF 31 KB) | 12/30/2010 |
| J.A. Glynn & Co. (PDF 78 KB) | 12/30/2010 |