Regulatory Notice 11-48
FINRA Requests Comment on a Proposed New Rule Requiring Carrying/Clearing Member Firms to Maintain and Keep Current Certain Records in a Central Location
FINRA is requesting comment on a proposed new rule that would require each carrying or clearing member firm to maintain and keep current certain records in a central location to facilitate a more rapid and orderly transfer of customer accounts to another broker-dealer as well as a more orderly liquidation in the event the member firm can no longer continue to operate due to financial or operational problems.
The text of proposed FINRA Rule 4516 (Readily Identifiable and Accessible Records) is set forth in Attachment A.
Questions regarding this Notice should be directed to:
- Marshall J Levinson, Vice President, Member Regulation, at (646) 315-8453; and
- Adam H. Arkel, Assistant General Counsel, Office of General Counsel, at (202) 728-6961.
|Date||Commenter||Format - Size|
|11/9/2011||Suzanne Shatto||PDF - 19.21 KB|
|12/1/2011||Guy Abbanat||PDF - 38.29 KB|
|12/9/2011||Sutherland Asbill & Brennan LLP||PDF - 91.07 KB|
|12/9/2011||Integrated Management Solutions USA LLC||PDF - 91.48 KB|
|12/9/2011||Assent, LLC||PDF - 221.35 KB|
|12/9/2011||Arnold & Porter LLP||PDF - 518.46 KB|
|12/15/2011||SIFMA||PDF - 175.87 KB|