Finra seeks to raise pressure on firms hiring rogue brokers, avoiding arbitration payments
Board advances proposals to amend membership applications to allow the regulator to scrutinize troubled brokers, pending monetary awards.
The Finra board has advanced proposals that would give it more opportunities to put pressure on financial firms that hire brokers with checkered disciplinary histories or avoid paying arbitration claims.
In a meeting Tuesday, the board authorized the Financial Industry Regulatory Authority Inc. to
Learn more about reprints and licensing for this article.
