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FINRA Concludes Brokers Need to Better Protect Investors

Oct. 19, 2013
Brokers, Investing
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  • FINRA completed a review of a number of large brokerage firms and concluded that the industry must take measures to be more proactive in protecting investors and minimizing cross-interests. FINRA suggested that firms develop new product review processes that include independent perspectives and better identify potential conflicts that raised by new products. Although the regulatory body simply made suggestions on how brokers should manage conflicts of interest, FINRA did say that some of these suggestions could become regulation later.