Finra’s sweep of broker-dealer cross-selling may head off problems
It shows Finra is carrying out its responsibility of regulating the industry and serving as the watchdog protecting the public.
The Financial Industry Regulatory Authority Inc.'s sweep of broker-dealer firms seeking data about cross-selling practices is a smart move, and could head off, or at least ameliorate, later problems.
The sweep was obviously prompted by the Wells Fargo cross-selling scandal that has cost the bank $18
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