FINRA Seeks Second Round of Comments on Markups, Commissions Plan
After being deluged with comments against its plan to end a 5% threshold on commissions and markups, FINRA is giving broker-dealers yet another chance to weigh in.
FINRA Advances Bonus Disclosure Plan for Brokers
FINRA fulfilled its promise to seek comments on its controversial plan to require brokers to disclose their pay packages.
FINRA Reaches for Feedback on Broker Comp Disclosure Rule
FINRA’s board announced Friday that it would seek comment on its controversial plan to require brokers to disclose their compensation packages to clients.
FINRA to Mull Broker Compensation Disclosure Rule
December Board meeting will consider several rule proposals and amendments, chief among them a proposal that would require broker-dealers to disclose compensation packages to customers.
The Bonus Debate
Much as I believe that investors everywhere would benefit from a level playing field between RIAs and brokers, the disclosure of recruiting bonuses would be over the top.
Should Brokers Be Forced to Disclose Their Bonuses to Clients?
SEC Chairwoman Mary Schapiro in 2009 wrote a letter to broker-dealer CEOs warning them about recruiting brokers with high upfront bonuses.
Avoiding Breakaway Protocol Missteps
A team of Merrill Lynch advisors who left for Morgan Stanley in April were caught trying to remove boxes containing confidential customer information, becoming a cautionary tale for brokers tempted to break protocol.
Can Brokers Get Justice From FINRA?
Where does an advisor go to get his reputation back? That is the heart of a complaint of a former broker suing FINRA to expunge damaging allegations from his CRD that have kept him from the industry for two years.
7 Protocol Essentials for Breakaway Brokers
Securities attorney Patrick Burns says following breakaway protocol is necessary not only to a broker's relationship with his old firm, but with his new one as well.
FINRA Fines Merrill $1M Over Retention Bonus Disputes
The disagreements involved about 90 advisors out of the 5,000-plus that received $2.68 billion in retention-bonus payments after BofA bought Merrill Lynch in early 2009.