Arbitration changes target brokers
Finra is seeking comment on a proposal to require registered firms to report allegations of sales practice violations against individual brokers in arbitration claims or civil lawsuits even if the person is not specifically named as a defendant.
Finra is seeking comment on a proposal to require registered firms to report allegations of sales practice violations against individual brokers in arbitration claims or civil lawsuits even if the person is not specifically named as a defendant. The proposed rule amendments would essentially require such information to be reported the same way as customer complaints are reported to the Central Registration Depository. For better details and information on submitting comment by May 27, go to finra.org/rulesregulation/noticestomembers/2008notices/p038381.
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