Finra votes to bump arbitrators’ pay by 50%
That change would increase the cost of arbitration for firms and retail investors, some industry watchers warned. But Finra describes the increases as necessary.
Finra arbitrators will earn $600 per day, up from $400, if the Securities and Exchange Commission approves a recommendation by the self-regulator to raise their pay.
The board of the Financial Industry Regulatory Authority Inc. voted Thursday on the 50% pay boost, the first increase since 1999.
That
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