FINRA Exam Gives Handy Map To Spot Conflicts In Broker Pay
Law360, New York (August 24, 2015, 6:38 PM EDT) -- A new probe by the Financial Industry Regulatory Authority finds the regulator charting a deep dive into the murky and sometimes conflicted world of broker-dealer pay practices, but in making its so-called sweep exam public, FINRA also has mapped out where it sees potential compensation conflicts arising and indicated ways in which firms can prevent them.
The Wall Street-funded regulator recently published online an examination letter it sent to about a dozen retail-oriented brokerage firms, in which it sought an extensive amount of information about how the firms manage and mitigate the conflicts that arise when paying registered representatives hefty commissions...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!