Finra urges brokers to adopt a ‘best interests’ standard
Finra moving inexorably in the direction of emphasizing a fiduciarylike standard.'
A new report by Finra designed to help brokers avoid conflicts of interest encourages them to adopt a code of conduct that sounds similar to the fiduciary standard followed by investment advisers.
Last Monday, the Financial Industry Regulatory Authority Inc. issued a report based on its observat
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