The Investment Dealers Association is reminding members that Complaints and Settlement Database will be up and running as of October 15.

ComSet is a web-based database system through which IDA members will be required to report certain matters, customer complaints, possible rule violations and other matters. Policy 8 deals with reporting and recordkeeping requirements.

Policy 8 and ComSet will be used by the IDA in its risk-based approach to compliance and enforcement. Policy 8 and ComSet will assist the IDA in fulfilling its oversight function by improving its ability to identify areas for compliance review, areas where enforcement action is appropriate, industry problems, and regional issues.