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Comments Regarding ZRIN: 1210-ZA25 (the "BIC Exemption Proposal") and RIN 1210-AB32 (the "Fiduciary Proposal")

On behalf of the U.S. Securities Markets Coalition and TD Ameritrade, Inc., OCC submitted a comment letter to the Department of Labor to address the testimony given by Gary Katz, President and CEO of the International Securities Exchange. The comment letter requests a revision of the BIC Exemption Proposal to add exchange-traded options to the list of permissible asset types, to clarify that education or other support that does not rise to the level of a recommendation under FINRA rules would not cause firms to be consider fiduciaries under the Proposal, and to clarify that the process firms required to follow under FINRA and options exchange rules to allow customers to trade listed options would not cause such firms to be considered fiduciaries under the Proposal.

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 ([email protected]).