November 5, 2018
1. Overall, do you find the Relationship Summary useful? If not, how would you change it? If so, what topics and how can they be improved?:
Yes transparency is good useful for investors there are always room for more subject maters for consumers to be more informative and help makes better investment decisions.
2. How useful is each section of the Relationship Summary? Please consider explaining your responses in the comments:
a. Type of Relationship and Service: Useful: Brokers does not inform customers when opening a account all customers must be inform help make right selection for the accounts. Individuals want to open an investment account broker opened brokerage account with no explanation.
b. Our Obligations to You: Useful: Brokerage account charges $8.00 per transactions broker does various security swap and cash transactions no benefit to customers
c. Fees and Costs: Useful: Need more information needed for different accounts
d. Comparison to different account types: Useful: Customers must know who else in their account if there is any without customers permission.
e. Conflict of Interests: Useful: Investment Brokers must take time for their potential customers to educate and help make right investment decisions.
Now days bank and brokerage firms deployed imported Chinese investment account openers to increase the quantity and compromise quality of the services.
f. Additional Information: Useful: With whom permission the bank has acquired customer intellectual properties and digital assets who permitted for securities offering to public
Whos permitted monitoring and reporting
violated customers fundamental rights under privacy and security act?
With whos permission bank has caused damage to customer reputations, damages to family health and mental wellbeing. Damages caused to customer intellectual properties and assets damages to customer protential business thief of data and vital information that was stored in customer computers and devices with whom permission bank initiated such a reckless crimes ?
g. Key Questions to Ask: Very Useful: What relationships?
Relationship and communication with customers must be open and transparent any business relationship must be based on mutual respect and understanding signed contract for mutual benefits.
3. Please answer the following questions. Please consider explaining your responses in the comments:
a. Do you find the format of the Relationship Summary easy to follow?: Yes: Information must be shot plain simple explanation in English language easy to understand rather then unethical business terms tens of pages if not hundreds of pages and various coverts? terms discourage customers difficult to read and comprehend.
b. Is the information in the appropriate order?: Somewhat: There is no summary of relationship to read and understand and if there is in hidden inside over four hundred pages? Is sufficient to inform customer not to read. Relationship with customers must be agree base on mutual respect and willingness to bind and sign agreement with duties terms and conditions for genuine relationship
c. Is the Relationship Summary easy to read?: Yes: All summary are useful if they are available in simple terms in details
d. Should the Relationship Summary include additional information about different account types?: Yes: Yes customers must have access to additional information and access to all other options
e. Would you seek out additional information about a firm's disciplinary history as suggested in the Relationship Summary?: Yes: There are no summary of relationship and if there is any they need to be in simple English terms with transparency
4. Are there topics in the Relationship Summary that are too technical or that could be improved?:
Information must be presented with transparency simple terms easy to understand one full page
not over 400 pages
Relationship goes with two or more and that has to be agreed upon with mutual interest and signed if not then it will be interpreted as one side and by force
5. Is there additional information that we should require in the Relationship Summary,such as more specific information about the firm or additional information about fees? Is that because you do not receive the information now, or because you would also like to see it presented in this summary document, or both? Is there any information that should be made more prominent?:
Relationship summary is sufficient in short length
Relationship disclosure must be in one page in detail nature of the relationship if they are for customers or suppliers or businesses to business
6. Is the Relationship Summary an appropriate length? If not, should it be longer or shorter?:
Yes it is useful question if implement to improve quality of information and services
7. Do you find the 'Key Questions to Ask' useful? Would the questions improve the quality of your discussion with your financial professional? If not, why not?:
Apply
Ethical standard
Integrity
Respect
Quality care
Transparency
Openness and
Good governance
8. Do you have any additional suggestions to improve the Relationship Summary? Is there anything else you would like to tell us?:
Investment broker dealers provide financial products and services that they assigned to offer.
It is a violation of cusumers protection act and violation of individuals rights in privacy and security act to perform any other services for third parties could result in serious injuries to individuals is a serious criminal act in various jurisdictions.