Regulatory Notice 13-42

FINRA Requests Comment on a Concept Proposal to Develop the Comprehensive Automated Risk Data System

 

Comment Period Expires: February 21, 2014

Executive Summary

 

FINRA is requesting comment on a concept proposal to develop a new Comprehensive Automated Risk Data System (CARDS), a rule-based program that would allow FINRA to collect on a standardized, automated and regular basis, account information, as well as account activity and security identification information that a firm maintains as part of its books and records. This Notice is intended to obtain the views of firms and others at the initial stage of determining how FINRA should obtain broader information to advance its supervision of firms and their associated persons.

 

Questions concerning this Notice should be directed to:

  • Daniel M. Sibears, Executive Vice President, Regulatory Operations/Shared Services, at (202) 728-6911;
  • Jonathan Sokobin, Sr. Vice President, Office of the Chief Economist, at (202) 728-8248; or
  • Victoria L. Crane, Associate General Counsel, Office of General Counsel, at (202) 728-8104.

 

See 3/4/14 FINRA update to this Notice.

 

The comment period has been extended to March 21, 2014.

View Full Notice PDF 89 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
652 Independent Financial Advisors (PDF 106 KB)  
High Street Securities, Inc. (PDF 90 KB) 12/23/2013
The Securities Center, Inc. (PDF 23 KB) 12/24/2013
Steven J. Weaver (PDF 43 KB) 12/26/2013
J.K.R. & Company Inc. (PDF 90 KB) 12/26/2013
G.T. Stafford (PDF 30 KB) 1/3/2014
Automation (Unknown) (PDF 39 KB) 1/3/2014
Calvin William (PDF 137 KB) 1/3/2014
David B. Paul (PDF 12 KB) 1/3/2014
Jay Hickman (PDF 12 KB) 1/3/2014
Joe Purcella (PDF 13 KB) 1/3/2014
Leila McGehe (PDF 12 KB) 1/3/2014
Paul M (PDF 35 KB) 1/3/2014
Ronald Blake (PDF 38 KB) 1/3/2014
Stephanie Oates (PDF 12 KB) 1/3/2014
Paul Meehl (PDF 57 KB) 1/3/2014
Allan Higgins (PDF 32 KB) 1/3/2014
John Plumberg (PDF 44 KB) 1/3/2014
Gary A. Besley (PDF 36 KB) 1/3/2014
Al Dorvinen (PDF 36 KB) 1/4/2014
Robert Meitzen (PDF 42 KB) 1/4/2014
Don Brock (PDF 35 KB) 1/4/2014
Robert L Weiss (PDF 30 KB) 1/4/2014
Samuel J. Orr (PDF 58 KB) 1/5/2014
Kathy Love (PDF 30 KB) 1/6/2014
Shay Financial Services, Inc. & Shay Assets Management, Inc. (PDF 66 KB) 1/8/2014
Puplava Financial Services, Inc. (PDF 78 KB) 1/8/2014
Diamant Investment Corp. (PDF 218 KB) 1/17/2014
The Tilkin Group (PDF 78 KB) 1/17/2014
Robert Granucci (PDF 30 KB) 1/18/2014
Robert Granucci (PDF 33 KB) 1/18/2014
Repex & Co., Inc. (PDF 64 KB) 1/24/2014
Sweney Cartwright & Co. (PDF 42 KB) 1/24/2014
ARC Consulting Systems LLC (PDF 628 KB) 1/30/2014
Justin Pogue (PDF 18 KB) 2/5/2014
Shay Financial Services, Inc. & Shay Assets Management, Inc. (PDF 63 KB) 2/11/2014
Oakbridge Financial Services (PDF 72 KB) 2/11/2014
Gary E. Domke (PDF 13 KB) 2/11/2014
American Investors Company (AIC) (PDF 99 KB) 2/11/2014
Caroline Austin (PDF 38 KB) 2/12/2014
Oakbridge Financial Securities, Inc. (PDF 39 KB) 2/12/2014
Oakbridge Financial Services (PDF 33 KB) 2/13/2014
Paul Knese (PDF 40 KB) 2/19/2014
Delta Trust Investments, Inc. (PDF 33 KB) 2/20/2014
Terri J. Startare (PDF 41 KB) 2/21/2014
True Blade Systems, Inc. (PDF 146 KB) 2/21/2014
C5 Solutions (PDF 2,633 KB) 2/21/2014
Caroline Austin (PDF 57 KB) 2/21/2014
Morgan Wilshire (PDF 41 KB) 2/21/2014
Sam Flaherty (PDF 66 KB) 2/26/2014
Coastal Securities (PDF 45 KB) 2/27/2014
Edwin C. Blitz (PDF 13 KB) 3/5/2014
Peter Elish Investment Securities (PDF 244 KB) 3/6/2014
L.M. Kohn & Company (PDF 91 KB) 3/7/2014
Kern & Company Advisory, Inc. (PDF 24 KB) 3/8/2014
First Allied Securities, Inc. (PDF 20 KB) 3/10/2014
Raymond James Financial Services (PDF 20 KB) 3/10/2014
Consumer Federation of America (PDF 60 KB) 3/11/2014
First Allied (PDF 49 KB) 3/12/2014
Paul Long (PDF 50 KB) 3/13/2014
Catt Wealth Consulting, LLC (PDF 127 KB) 3/13/2014
Raymond James (PDF 39 KB) 3/13/2014
Ann Doty-Mitchell (PDF 39 KB) 3/14/2014
Diamant Investment Corporation (PDF 121 KB) 3/14/2014
Rosalie Morin (PDF 34 KB) 3/15/2014
David Willeumier (PDF 48 KB) 3/17/2014
Jonathan Arntz (PDF 77 KB) 3/18/2014
GreatAmerican Advisors, Inc. (PDF 160 KB) 3/18/2014
GWFS Equities, Inc. (PDF 125 KB) 3/18/2014
Thomson Reuters (PDF 50 KB) 3/18/2014
Wachtel & Co., Inc. (PDF 26 KB) 3/19/2014
The Leaders Group, Inc. (PDF 15 KB) 3/19/2014
Maplewood Investment Advisors, Inc. (PDF 82 KB) 3/19/2014
Stephen A. Kohn & Associates, Ltd. (PDF 41 KB) 3/20/2014
Commonwealth Financial Network (PDF 62 KB) 3/20/2014
INVEST Financial Corporation (PDF 17 KB) 3/20/2014
Investment Centers of America, Inc. (PDF 20 KB) 3/20/2014
PIABA (PDF 360 KB) 3/20/2014
Sagepoint Financial (PDF 19 KB) 3/20/2014
Acorn Financial Services (PDF 66 KB) 3/20/2014
NEXT Financial Group, Inc. (PDF 614 KB) 3/20/2014
Larry Hill (PDF 14 KB) 3/20/2014
Financial Services Institute (PDF 37 KB) 3/20/2014
Jerry H. Knowlton (PDF 26 KB) 3/20/2014
M. Holdings Securities, Inc. (PDF 166 KB) 3/20/2014
BCG Securities, Inc. (PDF 37 KB) 3/20/2014
Woodbury Financial, Inc. (PDF 16 KB) 3/20/2014
Dardis Couvillon & Associate (PDF 19 KB) 3/20/2014
First Asset Financial Inc. (PDF 73 KB) 3/20/2014
Ameritas Investment Corp. (PDF 61 KB) 3/20/2014
LPL Financial (PDF 16 KB) 3/20/2014
HW Tomlinson Moneymaster (PDF 17 KB) 3/20/2014
Harold J. Rogers (PDF 37 KB) 3/20/2014
Brian Connor (PDF 14 KB) 3/20/2014
SagePoint Financial, Inc. (PDF 13 KB) 3/20/2014
WWK Investments, Inc. (PDF 294 KB) 3/20/2014
Center for Capital Markets Competitiveness (PDF 262 KB) 3/20/2014
Kenneth Noll (PDF 28 KB) 3/20/2014
Sandra L. Kobel (PDF 41 KB) 3/20/2014
Cornell Law School (PDF 196 KB) 3/20/2014
Sutter Securities Incorporated (PDF 26 KB) 3/21/2014
Cambridge Investment Research, Inc. (PDF 212 KB) 3/21/2014
Oppenheimer & Co., Inc. (PDF 2,997 KB) 3/21/2014
RW Smith (PDF 110 KB) 3/21/2014
ACLU (PDF 59 KB) 3/21/2014
Cetera Financial Group (PDF 194 KB) 3/21/2014
NASAA (PDF 61 KB) 3/21/2014
NSCP (PDF 269 KB) 3/21/2014
Fidelity Investments (PDF 3,671 KB) 3/21/2014
PWMCO, LLC (PDF 72 KB) 3/21/2014
St. John's University School of Law (PDF 210 KB) 3/21/2014
Caldwell Securities, Inc. (PDF 167 KB) 3/21/2014
USAA (PDF 1,061 KB) 3/21/2014
Electronic Transaction Clearing, Inc. (PDF 84 KB) 3/21/2014
Peter E. Letch (PDF 52 KB) 3/21/2014
SIFMA (PDF 166 KB) 3/21/2014
Financial Services Roundtable (PDF 88 KB) 3/21/2014
Buckman, Buckman & Reid (PDF 127 KB) 3/21/2014
Charles Schwab & Co., Inc. (PDF 80 KB) 3/21/2014
AARP (PDF 175 KB) 3/21/2014
Wells Fargo Advisors, LLC (PDF 272 KB) 3/21/2014
Wulff, Hansen & Co. (PDF 256 KB) 3/21/2014
Insured Retirement Institute (PDF 501 KB) 3/21/2014
Berthel Fisher & Company (PDF 101 KB) 3/21/2014
Crescent Securities Group, Inc,. (PDF 1,124 KB) 3/21/2014
Lincoln Financial Network (PDF 126 KB) 3/21/2014
Lincoln Investment (PDF 124 KB) 3/21/2014
NFP Securities, Inc. (PDF 32 KB) 3/21/2014
Sutherland Asbill & Brennan LLP (PDF 498 KB) 3/21/2014
Apex Clearing Corporation (PDF 1,041 KB) 3/21/2014
Financial Information Forum (PDF 231 KB) 3/21/2014
Alpine Securities Corporation (PDF 95 KB) 3/21/2014
Michigan State University College of Law (PDF 207 KB) 3/21/2014
George K. Baum & Company (PDF 2,216 KB) 3/21/2014
Edward Jones (PDF 200 KB) 3/24/2014
Alpine Securities Corporation (PDF 147 KB) 3/24/2014
Robinson & Lukens, Inc (PDF 112 KB) 3/24/2014
Oakbridge Financial Services (PDF 87 KB) 3/25/2014
Vincent Evans (PDF 60 KB) 3/25/2014
Amelia West (PDF 32 KB) 3/25/2014
NEXT (PDF 79 KB) 3/31/2014
Ken Francis (PDF 35 KB) 4/12/2014
Denna Kobrin (PDF 34 KB) 5/9/2014
SIFMA (PDF 99 KB) 7/1/2014