Finra seeks minimum expungement fees of several thousand dollars
Proposal aims to raise bar for brokers to clear their records, but a lawyer for investors says it only will fill Finra's coffers
Finra is proposing to assess minimum fees of several thousand dollars on brokers and firms involved in arbitration to clear brokers’ records of customer disputes — a step that an investor advocate says does not go far enough to stop expungement abuses.
In a rule proposal filed Friday with the
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