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

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.

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: 
DateCommenterFormat - Size
11/4/2010William C. Burnside & CompanyPDF - 189.05 KB
11/10/2010Whitehall-Parker Securities, Inc.PDF - 11.91 KB
11/4/2010Berthel Fisher & CompanyPDF - 12.3 KB
10/27/2010St Bernard Financial Services, Inc.PDF - 20.41 KB
10/27/2010INFINITY Financial ServicesPDF - 43.01 KB
10/28/2010Pyramid Funds CorporationPDF - 17.48 KB
11/10/2010First Georgetown Securities, IncPDF - 16.96 KB
11/11/2010Richard BryantPDF - 11.25 KB
11/24/2010JANCO Partners, Inc.PDF - 50.45 KB
12/3/2010SIFMAPDF - 69.31 KB
12/6/2010Summit Financial Resources, Inc.PDF - 52.78 KB
12/10/2010Timothy N. WeimerPDF - 11.58 KB
12/10/2010MWA Financial Services, Inc.PDF - 45.93 KB
12/14/2010Churchill Financial, LLCPDF - 95.8 KB
12/16/2010Neville GolvalaPDF - 34.63 KB
12/17/2010Generations Financial Planning & Wealth ManagementPDF - 51.52 KB
12/17/2010TIAA-CREF Individual & Institutional Services LLCPDF - 35.01 KB
12/18/2010Howard University School of LawPDF - 126.58 KB
12/18/2010Howard University School of LawPDF - 148.08 KB
12/18/2010Howard University School of LawPDF - 157.54 KB
12/20/2010GWFS Equities, Inc.PDF - 93 KB
12/20/2010Bank of AmericaPDF - 1.37 MB
12/20/2010NAIBDPDF - 74.79 KB
12/21/2010David NeumanPDF - 15.81 KB
12/21/2010BlackRock, Inc.PDF - 423.59 KB
12/22/2010State Farm VP Management Corp.PDF - 81.46 KB
12/22/2010Janney Montgomery Scott LLCPDF - 706.24 KB
12/22/2010AALUPDF - 90.6 KB
12/22/2010NAIFAPDF - 30.11 KB
12/23/2010Capital AnalystsPDF - 84.56 KB
12/23/2010Investment Company InstitutePDF - 96.11 KB
12/23/2010T.N. WeimerPDF - 11.5 KB
12/23/2010NSCPPDF - 47.93 KB
12/23/2010Stock USA Execution Services, Inc.PDF - 13.99 KB
12/27/2010National Planning Holdings, Inc.PDF - 36.64 KB
12/27/2010Financial Services Institute, Inc.PDF - 1.49 MB
12/27/2010Fidelity InvestmentsPDF - 3.13 MB
12/27/2010The Financial Services RoundtablePDF - 142.88 KB
12/27/2010Sutherland Asbill & Brennan LLPPDF - 146.11 KB
12/27/2010Wells Fargo Advisors, LLCPDF - 119.83 KB
12/27/2010Paul ScheurerPDF - 19.94 KB
12/27/2010NPB Financial Group, LLCPDF - 67.11 KB
12/27/2010Bonnie K. WachtelPDF - 21.35 KB
12/27/2010PIABAPDF - 20.06 KB
12/27/2010LPL FinancialPDF - 380.84 KB
12/27/2010Fiduciary360PDF - 102.94 KB
12/27/2010The Investor Rights Clinic at Pace Law SchoolPDF - 198.5 KB
12/27/2010StockCross Financial Services, Inc.PDF - 35.42 KB
12/27/2010Edward JonesPDF - 28.79 KB
12/27/2010Dan WorthyPDF - 20.06 KB
12/27/2010The American Council of Life InsurersPDF - 309.55 KB
12/27/2010Sample Form - Comments on Regulatory Notice 10-54PDF - 14.48 KB
12/30/2010J.A. Glynn & Co.PDF - 78.1 KB
12/30/2010Selkirk Investments, Inc.PDF - 31.48 KB