April 16, 2009
Deputy Secretary, Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
I am writing to let you know that I strongly oppose the proposed changes to FINRA forms U5 & U4 which would require expanded disclosures of arbitration proceedings and civil litigation.
I do believe that people engaged in misleading and inappropriate sales practices should be investigated and prosecuted, the SEC should not subject investment advisor representatives to irreparable damage by having to disclose unproven claims or allegations made in a lawsuit or arbitration proceeding in which the representative has not been named as a party.
I hope that you can see that this is unreasonable and can help in preventing passage of this proposed change.