NON ISCP Stock Checks in Full Force.

The Broker Forum has commenced the year 2012 by initiating, in full force, NON ISCP stock checks. Non ISCP members will be subject to regular stock checks, similar to the ISCP process. These checks will be moderator driven, and will work as follows:

Following a moderator complaint, an ISCP type stock check is sent to the member. If the non ISCP member fails the check, he receives a warning and the following penalties will apply:

1^st Complaint: Member receives a warning

2^nd Complaint: Stock posting capability reduced by 10 %

3^rd Complaint: Stock reduced by 25 %

4^th Complaint: Stock reduced by 50 %

5^th Complaint: Stock deleted completely, member will only be able to list avails.

Members will not be allowed to return to the previous level unless they apply for it. Only 1 application per quarter will allowed for each member.

We thank you in advance for contacting your account manager for more details on this initiative.