Synovus Securities, Inc. on May 4, 2016.; The Petition seeks a declaratory statement from the Office regarding the ability to share commissions in accordance with FINRA Rule 2040(b) and is requesting an exemption from Florida's prohibition under 69W-...

 

DEPARTMENT OF FINANCIAL SERVICES

Securities

RULE NO.: RULE TITLE:

69W-600.013: Prohibited Business Practices for Dealers and Their Associated Persons

NOTICE IS HEREBY GIVEN that the Office of Financial Regulation has received the petition for declaratory statement from Synovus Securities, Inc. on May 4, 2016.The petition seeks the agency's opinion as to the applicability of 69W-600.013(2)(f) (2014), FAC, FINRA Rule 2040(a) and FINRA Rule 2040(a) as it applies to the petitioner.

The Petition seeks a declaratory statement from the Office regarding the ability to share commissions in accordance with FINRA Rule 2040(b) and is requesting an exemption from Florida's prohibition under paragraph 69W-600.013(2)(f), FAC. consistent with the FINRA exception Rule 2040(b).

A copy of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail]

Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail] by May 27, 2016.