MIAMI - Telecommuting may not be for everyone, especially registered representatives at NASD member firms.

The thought of registered representatives working from home presents such daunting compliance concerns when it comes to monitoring electronic communications that Charles Schwab & Co. of San Francisco has not permitted the practice, according to Peggy Chastain, director for compliance administration for Schwab. Some registered representatives, particularly in California, have sought permission to work from home on occasion, Chastain said. But such an arrangement presents a supervisory challenge that at least for now is overwhelming, Chastain said.

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