2024080211301 Alexander Investment Services Co., CRD 1037 AWC lp.pdf
From June 30, 2020, until the present, Alexander Investment Services has failed to establish and maintain written policies and procedures, and a supervisory system, reasonably designed to achieve compliance with Securities Exchange Act of 1934 Rule 15/-1 (Regulation Best Interest or Reg BI), in violation of Exchange Act Rule 15/-1 (a)(l) and FINRA Rules 3110 and 2010.
Information Notice - 10/21/25
Summary
The National Securities Clearing Corporation (NSCC) administers the Automated Customer Account Transfer Service (ACATS), a system that automates and imposes specified duties and performance timeframes to facilitate the transfer of accounts, in whole or in part, from one firm to another. The NSCC recently announced an amendment to NSCC Rule 50 (Automated Customer Account Transfer Service) to reflect, among other things, the removal of the settlement preparation stage (“Settle Prep” or the “Settle Prep Day”) from the ACATS transfer process.