FINRA suspended two brokers for alleged excessive trades that were unsuitable for clients and that violated the SEC's Regulation Best Interest (Reg BI) rule.
FINRA suspended two brokers for alleged excessive trades that were unsuitable for clients that violated the SEC's Regulation Best Interest (Reg BI) rule.
So, after all the hubbub about how Reg BI was going to turn the brokerage industry on its head, given the new standard of conduct – more like that of a fiduciary – that it was imposing.
Welcome to the latest issue of Bracewell’s FINRA Facts and Trends, a monthly newsletter devoted to condensing and digesting recent FINRA developments in the areas of enforcement,.
Welcome to the latest issue of Bracewell's FINRA Facts and Trends, a monthly newsletter devoted to condensing and digesting recent FINRA developments in the areas of enforcement.