Search

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.

Your acceptance of all cookies will permit robust site functionality. If you don't allow cookies, some features and functionality of OCC's site may not operate as expected. If you do not choose either cookie setting for our site, or if you close this window, this message will continue to display on each page you visit. Cookie settings can be controlled in your Internet browser to automatically reject some forms of cookies. For more details on cookies this site uses, see our OCC Site Cookies page. In addition to using cookies, we retain other information, including your Internet Protocol (IP) address, for the purposes listed in the Privacy Policy. Do not accept analytic cookies Accept analytic cookies