April 14, 2009
On behalf of indivdual investors who I represent in securities cases, it is important to know the background of those brokers who they have dealt with Therefore I approve changes with respect to reporting forms U4 and U5 to reflect the names of those brokers who have had customer complaints filed agsinst them though they have not been named as a respondent in a complaint.
I also believe it important not to allow an arbitrary monetary threshold for reporting said customer complaints nor should the member be allowed to change the basis for termination of a broker unilaterally.