Regulatory Notice 15-22

FINRA Requests Comment on a Revised Proposal to Adopt a Consolidated FINRA Rule Regarding Discretionary Accounts and Transactions

Comment Period Expires: August 17, 2015

Executive Summary

FINRA is requesting comment on a revised proposal to adopt the NASD and Incorporated NYSE rules regarding discretionary accounts and transactions as FINRA Rule 3260 (Discretionary Accounts and Transactions by Persons Other Than the Customer) in the consolidated FINRA rulebook. In addition, the revised proposal addresses the treatment of customers’ free credit balances, sweep programs, bulk transfers of customers’ accounts and change of broker-dealer of record. The revised proposal also reflects the comments received on the initial proposal.

The proposed rule text is attached as Appendix A.

Questions regarding this Notice should be directed to Afshin Atabaki, Associate General Counsel, Office of General Counsel, at (202) 728-8071.

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
8/13/2015Investment Company InstitutePDF - 52.1 KB
8/13/2015SDR Ventures, Inc.PDF - 91.58 KB
8/14/2015TD AmeritradePDF - 89.59 KB
8/17/2015Commonwealth Financial NetworkPDF - 158.75 KB
8/17/2015SIFMAPDF - 584.38 KB
8/17/2015VanguardPDF - 244.49 KB
8/17/2015Financial Services InstitutePDF - 142.02 KB
8/17/2015Sutherland Asbill & Brennan LLPPDF - 2.54 MB
8/17/2015Charles Schwab & Co., Fidelity Brokerage Services, TD Ameritrade, Pershing Advisor SolutionsPDF - 84.54 KB
8/18/2015FOLIOfn Investments, Inc.PDF - 3.26 MB
8/21/2015Cetera Financial Group, Inc.PDF - 736.22 KB
9/26/2016Wachtel & Co Inc.PDF - 15.14 KB