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
See 3/4/14 FINRA update to this Notice. The comment period has been extended to March 21, 2014.

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.
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
12/24/2013The Securities Center, Inc.PDF - 22.79 KB
12/23/2013High Street Securities, Inc.PDF - 89.84 KB
12/26/2013Steven J. WeaverPDF - 42.26 KB
12/26/2013J.K.R. & Company Inc.PDF - 90 KB
1/5/2014Samuel J. OrrPDF - 57.57 KB
1/4/2014Robert L WeissPDF - 29.43 KB
1/3/2014Gary A. BesleyPDF - 35.58 KB
1/4/2014Don BrockPDF - 34.99 KB
1/4/2014Robert MeitzenPDF - 41.92 KB
1/3/2014John PlumbergPDF - 43.04 KB
1/4/2014Al DorvinenPDF - 35.1 KB
1/3/2014Allan HigginsPDF - 37.22 KB
1/3/2014G.T. StaffordPDF - 29.55 KB
1/3/2014Automation (Unknown)PDF - 38.17 KB
1/3/2014Calvin WilliamPDF - 136.47 KB
1/3/2014David B. PaulPDF - 11.75 KB
1/3/2014Jay HickmanPDF - 11.11 KB
1/3/2014Joe PurcellaPDF - 12.37 KB
1/3/2014Leila McGehePDF - 11.07 KB
1/3/2014Paul MPDF - 34.4 KB
1/3/2014Paul MeehlPDF - 56.7 KB
1/3/2014Ronald BlakePDF - 37.55 KB
1/3/2014Stephanie OatesPDF - 11.69 KB
1/8/2014Puplava Financial Services, Inc.PDF - 77.17 KB
1/6/2014Kathy LovePDF - 29.45 KB
1/17/2014The Tilkin GroupPDF - 137.47 KB
1/17/2014Diamant Investment Corp.PDF - 217.35 KB
1/18/2014Robert GranucciPDF - 29.17 KB
1/18/2014Robert GranucciPDF - 32.49 KB
1/24/2014Repex & Co., Inc.PDF - 63.91 KB
1/24/2014Sweney Cartwright & Co.PDF - 41.55 KB
1/30/2014ARC Consulting Systems LLCPDF - 627.62 KB
2/5/2014Justin PoguePDF - 17.38 KB
2/11/2014American Investors Company (AIC)PDF - 98.85 KB
2/11/2014Gary E. DomkePDF - 12.66 KB
2/11/2014Oakbridge Financial ServicesPDF - 71.34 KB
1/8/2014Shay Financial Services, Inc. & Shay Assets Management, Inc.PDF - 65.68 KB
2/12/2014Caroline AustinPDF - 37.39 KB
2/11/2014Shay Financial Services, Inc. & Shay Assets Management, Inc.PDF - 62.13 KB
2/13/2014Oakbridge Financial ServicesPDF - 32.29 KB
2/12/2014Oakbridge Financial Securities, Inc.PDF - 38.4 KB
2/20/2014Delta Trust Investments, Inc.PDF - 302.69 KB
2/19/2014Paul KnesePDF - 40.67 KB
2/21/2014C5 SolutionsPDF - 2.57 MB
2/21/2014True Blade Systems, Inc.PDF - 145.48 KB
2/21/2014Terri J. StartarePDF - 40.05 KB
2/21/2014Morgan WilshirePDF - 49.57 KB
2/21/2014Caroline AustinPDF - 56.54 KB
2/27/2014Coastal SecuritiesPDF - 44.12 KB
2/26/2014Sam FlahertyPDF - 65.43 KB
3/6/2014Peter Elish Investment SecuritiesPDF - 243.08 KB
3/5/2014Edwin C. BlitzPDF - 12.53 KB
3/7/2014L.M. Kohn & CompanyPDF - 90.13 KB
8/28/2014653 Independent Financial AdvisorsPDF - 108.31 KB
3/8/2014Kern & Company Advisory, Inc.PDF - 23.7 KB
3/10/2014Raymond James Financial ServicesPDF - 19.83 KB
3/11/2014Consumer Federation of AmericaPDF - 59.27 KB
3/10/2014First Allied Securities, Inc.PDF - 19.68 KB
3/13/2014Raymond JamesPDF - 38.76 KB
3/13/2014Catt Wealth Consulting, LLCPDF - 126.02 KB
3/13/2014Paul LongPDF - 49.04 KB
3/12/2014First AlliedPDF - 48.21 KB
3/18/2014Jonathan ArntzPDF - 76.58 KB
3/18/2014GreatAmerican Advisors, Inc.PDF - 159.66 KB
3/18/2014Thomson ReutersPDF - 49.58 KB
3/18/2014GWFS Equities, Inc.PDF - 124.16 KB
3/17/2014David WilleumierPDF - 47.67 KB
3/15/2014Rosalie MorinPDF - 33.12 KB
3/14/2014Ann Doty-MitchellPDF - 38.83 KB
3/14/2014Diamant Investment CorporationPDF - 120.33 KB
3/24/2014Edward JonesPDF - 199.36 KB
3/24/2014Robinson & Lukens, IncPDF - 111.3 KB
3/25/2014Amelia WestPDF - 31.74 KB
3/25/2014Vincent EvansPDF - 59.34 KB
3/25/2014Oakbridge Financial ServicesPDF - 86.2 KB
3/24/2014Alpine Securities CorporationPDF - 146.84 KB
3/21/2014PWMCO, LLCPDF - 71.77 KB
3/21/2014Wulff, Hansen & Co.PDF - 255.79 KB
3/21/2014AARPPDF - 174.65 KB
3/21/2014Cetera Financial GroupPDF - 193.54 KB
3/21/2014Alpine Securities CorporationPDF - 94.17 KB
3/21/2014Berthel Fisher & CompanyPDF - 100.77 KB
3/21/2014Apex Clearing CorporationPDF - 1.02 MB
3/21/2014George K. Baum & CompanyPDF - 2.16 MB
3/21/2014Michigan State University College of LawPDF - 206.07 KB
3/21/2014Lincoln InvestmentPDF - 123.62 KB
3/21/2014Crescent Securities Group, Inc,.PDF - 1.1 MB
3/21/2014NFP Securities, Inc.PDF - 31.23 KB
3/21/2014Sutherland Asbill & Brennan LLPPDF - 497.22 KB
3/21/2014Financial Information ForumPDF - 230.4 KB
3/21/2014Lincoln Financial NetworkPDF - 125.7 KB
3/21/2014Insured Retirement InstitutePDF - 500.59 KB
3/21/2014St. John's University School of LawPDF - 209.14 KB
3/21/2014Fidelity InvestmentsPDF - 3.58 MB
3/21/2014Financial Services RoundtablePDF - 87.19 KB
3/21/2014SIFMAPDF - 165.17 KB
3/20/2014LPL FinancialPDF - 15.76 KB
3/20/2014M. Holdings Securities, Inc.PDF - 165.92 KB
3/20/2014HW Tomlinson MoneymasterPDF - 16.24 KB
3/20/2014First Asset Financial Inc.PDF - 72.6 KB
3/20/2014Center for Capital Markets CompetitivenessPDF - 261.82 KB
3/20/2014Sagepoint FinancialPDF - 18.37 KB
3/20/2014Dardis Couvillon & AssociatePDF - 18.78 KB
3/20/2014Brian ConnorPDF - 13.2 KB
3/20/2014WWK Investments, Inc.PDF - 293.92 KB
3/20/2014Sandra L. KobelPDF - 40.18 KB
3/20/2014SagePoint Financial, Inc.PDF - 12.97 KB
3/20/2014INVEST Financial CorporationPDF - 16.36 KB
3/20/2014PIABAPDF - 359.63 KB
3/20/2014Cornell Law SchoolPDF - 195.52 KB
3/20/2014Kenneth NollPDF - 27.5 KB
3/20/2014Larry HillPDF - 13.67 KB
3/20/2014Investment Centers of America, Inc.PDF - 19.93 KB
3/20/2014Acorn Financial ServicesPDF - 65.9 KB
3/20/2014NEXT Financial Group, Inc.PDF - 613.75 KB
3/20/2014Jerry H. KnowltonPDF - 25.87 KB
3/20/2014Ameritas Investment Corp.PDF - 60.94 KB
3/20/2014Woodbury Financial, Inc.PDF - 15.51 KB
3/20/2014Harold J. RogersPDF - 36.34 KB
3/20/2014BCG Securities, Inc.PDF - 15.13 KB
3/20/2014Financial Services InstitutePDF - 209.59 KB
3/20/2014Commonwealth Financial NetworkPDF - 61.57 KB
3/19/2014The Leaders Group, Inc.PDF - 14.63 KB
3/19/2014Wachtel & Co., Inc.PDF - 25.86 KB
3/19/2014Maplewood Investment Advisors, Inc.PDF - 81.9 KB
3/21/2014Caldwell Securities, Inc.PDF - 166.2 KB
3/21/2014Charles Schwab & Co., Inc.PDF - 79.8 KB
3/21/2014ACLUPDF - 58.37 KB
3/21/2014RW SmithPDF - 109.91 KB
3/21/2014Electronic Transaction Clearing, Inc.PDF - 83.93 KB
3/21/2014USAAPDF - 1.04 MB
3/21/2014Peter E. LetchPDF - 51.87 KB
3/21/2014NASAAPDF - 60.95 KB
3/21/2014Buckman, Buckman & ReidPDF - 126.37 KB
3/21/2014NSCPPDF - 268.5 KB
3/21/2014Wells Fargo Advisors, LLCPDF - 271.58 KB
3/20/2014Stephen A. Kohn & Associates, Ltd.PDF - 40.74 KB
3/31/2014NEXTPDF - 78.39 KB
3/21/2014Oppenheimer & Co., Inc.PDF - 2.93 MB
3/21/2014Cambridge Investment Research, Inc.PDF - 211.01 KB
3/21/2014Sutter Securities IncorporatedPDF - 25.74 KB
4/12/2014Ken FrancisPDF - 34.85 KB
5/9/2014Denna KobrinPDF - 33.01 KB