February 16, 2013
The purpose of this letter is to provide the Securities and Exchange Commission with comments on the above referenced proposed rule change which was filed by the Financial Industry Regulatory Authority, Inc. (FINRA) on January 18, 2013.
I am an attorney whose practice is exclusively devoted to the representation of public investors in their disputes with the securities industry. Moreover, I am a former President and current Director Emeritus of the Public Investors Arbitration Bar Association (PIABA) and am the current Chairman of FINRAs National Arbitration and Mediation Committee (NAMC).
It is my personal opinion that a mandatory and uniform description of BrokerCheck, that is prominently featured on all account statements, which includes hyperlinks to not only BrokerCheck, but also to the page that is specific to the member firm and its associated person, will greatly improve the interests of investor protection and education.
Thank you for providing me with the opportunity to submit my comments on this rule filing.