Whatever, the need for Item 10 is unclear, especially given the sensitive and possibly privileged nature of this information. If such information is relevant, either side can ask for its production, but it should not be on the list. This type of information relating to brokers is available with a single request to the CRD system. But customers have no central source to easily access this information. While these Items might be kept on the list, their existence certainly helps kill any industry argument that the discovery demands in these proposed rules are unbalanced, or that similar information about a firm or broker should not be part of the lists due to its prejudicial nature.
Managers have far more impact on what gets sold than do lone brokers.
This is nearly identical compensation information to that required for brokers. It is both absurd and dangerous to assume that incentives start and end with the retail salesforce. Firms and management cannot be exempted from this disclosure. Regarding List 11 Regarding the best execution issue, only the production of order tickets would be of help. An additional list could be created for best execution claims.