04.18.24

FINRA To Focus on Brokers and Firms With Past Offenses

by: Alex Padalka

The Financial Industry Regulatory Authority (FINRA) plans to focus its enforcement efforts on several areas, including Regulation Best Interest, with particular attention paid to repeat offenders, according to a blog post from Bill St. Louis, head of enforcement at FINRA. The self-regulator will also emphasize cases involving best execution violations, such as those involving payments for order flow, and compliance with the Consolidated Audit Trail, with several cases in FINRA's pipeline indicating "instances of millions if not billions of late or inaccurately reported order events" and other issues, he wrote.

Read the full article on Financial Advisor IQ