FINRA: SRO wants to change district committee structure release
Finra has proposed a change to its district committees that some say could disenfranchise smaller firms. The self-regulator…
Finra has proposed a change to its district committees that some say could disenfranchise smaller firms. The self-regulator filed a proposal with the SEC on Feb. 25 to carve out three seats for large-firm representatives on the district committees, three spots for small firms and one for midsize firms — the same breakdown Finra has for industry representatives on its board of governors. District committee members’ primary role is to hear disciplinary cases brought by its enforcement staff. The changes would be made over three years. For more details, click here. For recent story, click here.
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