Advertiser Disclosure

FINRA Concludes Brokers Need to Better Protect Investors

Oct. 19, 2013
Brokers, Investing
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.
  • 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.