August 21, 2009
Dear sir: I take this opportunity to respond to finras /sec notice calling for comments about finras request to post on broker (brokerage firm) check stale u-4 data about formerly registered persons. I understand the trust of their argument and their felt need to close any and all loopholes for fraudsters. Finra staff previously proposed this measure to various finra members in order to presell. In light of the fact that this proposal was about the use of broker check, I asked them to reconsider the purpose of the broker (and brokerage firm) check tool. If in fact the system is an aid for client protection then perhaps staff might cease putting up on the site non-investor/ public protection items such as any technical sop oversights violations. At that time staff wished not to consider merits of this request as it was deemed to be outside the scope of their proposal. But in granting one request to staff seems only fair that they grant another for the members. We are on the same path. Lets remember to do what we mean to do and say what we mean to say . Dan Roberts, president , Roberts & ryan investments inc.
Daniel W. Roberts
President/CEO
Roberts & Ryan Investments Inc.
57 Post Street, Suite 614
San Francisco, CA 94104-5023
Member - SIPC, FINRA