Wall Street’s watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator’s chief said.
Richard Ketchum, the Financial Industry Regulatory Authority’s chairman and chief executive, said he and his staff will review numerous letters about the proposal from industry and investor advocacy groups before the July meeting. Ketchum made the remarks during a briefing for reporters at FINRA’s annual conference in Washington.
via Business feed http://www.scmp.com/business/banking-finance/article/1243315/wall-street-watchdog-review-broker-bonus-disclosure-plan
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