Financial Services Roundtable is leading the way on cybersecurity advocacy to ensure Congress passes cyberthreat information sharing legislation that will result in better protected and more secure consumer data.
“State laws already adequately regulate insurance companies, including commodities activities. The Federal Reserve does not need to burden the system by duplicating those safeguards," said FSR VP and Senior Counsel of Legislative & Regulatory Affairs Rich Foster. “Such duplicative regulations are unnecessary and they will not only slow business expansion but will also result in higher prices for common household goods."
The Financial Services Roundtable respectfully submits these comments to the Securities and Exchange Commission (“Commission”) concerning a request by the Financial Industry Regulatory Authority (“FINRA”) that the Commission approve proposed FINRA Rule 2243 (Disclosure and Reporting Obligations Related to Recruitment Practices).
The Financial Services Roundtable welcomes the opportunity to provide comments on the above-cited advanced notice of proposed rulemaking (“ANPR”) issued by the Board of Governors of the Federal Reserve System on January 21, 2014. The ANPR requests public comment on various issues related to physical commodities activities conducted by financial holding companies and the restrictions imposed on these activities to ensure they are conducted in a safe and sound manner and consistent with applicable law.
FSR Chairman and Principal Financial Group Chairman, President, and CEO Larry D. Zimpleman weighs in on Americans' ability to build a secure future for themselves and their families by navigating an increasingly complex financial system, and the tools to empower them.