FINRA Expands Scrutiny Of Brokers With Records Of Misdeeds

Law360, New York (January 2, 2014, 1:32 PM EST) -- The Financial Industry Regulatory Authority, the self-regulator of the U.S. securities industry, said Thursday it will launch a dedicated enforcement team to probe brokers whose records show patterns of complaints or sales practice abuses.

FINRA said it plans to expand its High Risk Broker initiative, launched last year, with a special task force to review firms’ due diligence in the hiring process as well as the adequacy of supervision over higher risk brokers, including whether or not they have been placed under heightened monitoring due to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.