Finra changes membership process to curb the ability to sidestep arbitration awards
New rules target brokers with pending claims that are switching firms or trying to transfer assets
New Finra rules would tighten the organization’s membership application process to curb the ability of individual brokers and firms to sidestep paying arbitration awards.
Under rules that have been approved by the Securities and Exchange Commission and will take effect on Sept. 14, the Financia
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