Skip to main content

Intellivest Securities, Inc. Comment On Regulatory Notice 26-02

Daniel H. Kolber
Intellivest Securities, Inc.

Why reinvent the wheel? Please take another look at the language in the Electronic Fund Transfer Act 15 U.S.C. 1693, especially the section on error resolution.

Commentator Bill Singer's drafting suggestions should be adopted.

Condolences to Commentator Tobin. Similarly, one of my client's bank account was taken over and the funds eventually replaced. I learned of law enforcement's extreme frustration that the banks' rarely prosecute, even when they have in-house video of the crooks, who increasingly are emboldened by this tolerance of crime.

FINRA needs to actively prosecute in order to reverse the trend that these crimes are a cost of doing business.

Thank you.

Respectfully submitted,

Intellivest Securities, Inc.

By: Daniel H. Kolber, its Executive Representative