Regulatory Notice 08-09

FINRA Revises Portfolio Margining Risk Disclosure Statement and Written Acknowledgment for Customers Using Portfolio Margin Accounts

Effective Date: March 14, 2008

FINRA has revised the sample portfolio margining risk disclosure and acknowledgment statements that member firms must provide to customers who have been approved for portfolio margin. This replaces the March 2007 sample risk disclosure and acknowledgment statements.1 See Attachment A for the sample disclosure and acknowledgment statements.

Questions regarding this Notice may be directed to

  • Rudolph Verra, Managing Director, Credit Regulation, at (646) 315-8811;
  • Glen Garofalo, Director, Credit Regulation, at (646) 315-8464;
  • Steve Yannolo, Principal Credit Specialist, Credit Regulation, at (646) 315-8621; or
  • Your firm's Liaison or Finance Coordinator.

1 See NASD Notice to Members 07-14 and NYSE Regulation Information Memo 07-27.