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Janice Parise Comment On Regulatory Notice 25-05

Janice Parise

Rule 17a-5 requires all member firms to file Schedule 1 of Form X-17A-5. This Schedule is a calendar year--end report filed by all registrants as a supplement to the regular fourth quarter FOCUS report. Schedule 1 requires the reporting of general information designed to measure certain economic and financial characteristics of the registrant. I believe this form is redundant, requesting information that is already available on the Firm’s FINRA Gateway Profile (# of RRs, # of branches), FOCUS report, and Form Custody. I think Schedule 1 should be eliminated as a requirement of Rule 17a-5.