Deeper broker background checks are necessary
Implementing a rule that would require mandatory background checks on new brokers could help uncover crucial information
As Wall Street's self-funded regulator, the Financial Industry Regulatory Authority Inc. is well within its rights to consider a rule change that would require brokerage firms to conduct mandatory background checks on newly hired brokers.
Finra's decision to mull the rule proposal at its upcoming bo
Learn more about reprints and licensing for this article.