FINRA: Plan to slam the ‘revolving door’ on officers
A proposal intended to end the perception of a “revolving door” between the Financial Industry Regulatory Authority Inc.
A proposal intended to end the perception of a “revolving door” between the Financial Industry Regulatory Authority Inc. and financial services companies would prohibit ex-Finra officials from representing industry clients in Finra disciplinary actions for one year after leaving the self-regulatory organization. The rule would apply to former vice presidents, senior vice presidents and higher-ranking Finra executives. The ban also would restrict Finra officers from appearing on behalf of a witness or acting as an expert witness in a Finra case for a year. Read the proposal here. Read a related story here.
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