01.18.23
FINRA "Ready To Act" if SEC Finalizes Best-Execution Rules: CEO
by: John Manganaro
The Financial Industry Regulatory Authority (FINRA) is prepared to act swiftly to ensure its members are not subject to confusion regarding best-execution standards when enacting trades and other transactions for clients, according to CEO Robert Cook. Referring to the U.S. Securities and Exchange Commission's proposed new standards, Cook said that FINRA stands ready to act to update or modify its own best execution rule framework to reduce any regulatory duplication or outright discrepancies that could emerge.
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