News | 05.03.19
Troubled Brokers Face Stricter Rules
Brokerage firms that employ a higher number of troubled brokers or display other red flags could be subject to stricter financial protections under a proposal issued by FINRA. The proposed rule could raise costs for about 2 percent of the 3,600 brokerage firms doing business in the United States. Because firms could escape the requirement by cutting ties with sanctioned brokers, the measure could deter them from making riskier hires.
Read the full article on Wall Street Journal