FPA questions Finra B-D supervision rule
The FPA says the rule would add confusion and conflict regarding standards of accountability to the investor.
A proposal by the Financial Industry Regulatory Authority Inc. could require brokerage firms to supervise entities unrelated to securities, the Financial Planning Association said in a comment letter to Finra filed Friday.
“We are very concerned about maintaining a clear separation of functio
Learn more about reprints and licensing for this article.