Regulatory Notice 15-22
FINRA Requests Comment on a Revised Proposal to Adopt a Consolidated FINRA Rule Regarding Discretionary Accounts and Transactions
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.
|Date||Commenter||Format - Size|
|8/13/2015||Investment Company Institute||PDF - 52.1 KB|
|8/13/2015||SDR Ventures, Inc.||PDF - 91.58 KB|
|8/14/2015||TD Ameritrade||PDF - 89.59 KB|
|8/17/2015||Commonwealth Financial Network||PDF - 158.75 KB|
|8/17/2015||SIFMA||PDF - 584.38 KB|
|8/17/2015||Vanguard||PDF - 244.49 KB|
|8/17/2015||Financial Services Institute||PDF - 142.02 KB|
|8/17/2015||Sutherland Asbill & Brennan LLP||PDF - 2.54 MB|
|8/17/2015||Charles Schwab & Co., Fidelity Brokerage Services, TD Ameritrade, Pershing Advisor Solutions||PDF - 84.54 KB|
|8/18/2015||FOLIOfn Investments, Inc.||PDF - 3.26 MB|
|8/21/2015||Cetera Financial Group, Inc.||PDF - 736.22 KB|
|9/26/2016||Wachtel & Co Inc.||PDF - 15.14 KB|