Proposed Rule Change on Books and Records
Published on:
November 23, 2010
SIFMA provides comments to the Securities and Exchange Commission (SEC) a proposed rule change to adopt Financial Industry Regulatory Authority (FINRA) Rules relating to books and records in the Consolidated FINRA Rulebook, File No. SR-Phlx-2010-121, Exchange Act Release No. 63181 dated October 20, 2010. SIFMA offers its observations and recommendations to improve the proposals in several areas including: 1) the use of electronic signatures; 2) maintaining certain customer account information; and 3) the proposed recordkeeping requirement for customer complaints.