Trust Examiner School eBook

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59. A list of brokers used and a description of the process used to determine whether best execution is being provided by each broker.

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60. A list of brokers that generate soft dollars and a list of research or other products or services received. Provide your determination that the amount of commissions charged by brokers generating soft dollars is reasonable in relation to the value of the brokerage and research services provided by the broker-dealers. Also, include your determination that this practice is consistent with Section 28(e) of the Securities Exchange Act of 1934. Provide a copy of your soft dollar disclosure.

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61. A list of customer accounts with loans secured by margin stock pledged for the purpose of purchasing or carrying securities. If you are subject to Federal Reserve registration, provide copies of respective Regulation U filings since the last examination.

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62. A list of all common and collective funds you have established. Include a description of each fund, its market value, its most recent valuation date, financial performance reports, and the most recent audit date.

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63. A list of all proprietary mutual funds (funds in which you, a subordinate entity, an affiliate or parent company act as investment adviser). Make available the most recent prospectus and any supplemental information for each fund. Also, include one-, three-and five-year performance comparisons with its benchmark.

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64. A list of all accounts invested in real estate. Designate which of these accounts have mortgages or are otherwise subject to lien. Designate which of these accounts have delinquencies in taxes or rental income over 30 days, have pending mortgage foreclosure proceedings, or required insurance coverage is not in effect.

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65. A concentration report that lists all accounts where there is a concentration of five percent or more of any one stock, and an explanation as to why the existing concentration is acceptable.