SIFMA: Raise bar on settlement reporting
SIFMA wants Finra to raise the threshold for reporting settlements with customers to $25,000, from $10,000.
The Securities Industry and Financial Markets Association wants the Financial Industry Regulatory Authority Inc. to raise the threshold for reporting legal settlements with customers to $25,000, from $10,000.
The Wall Street trade group is urging the higher bar as part of its response to a proposal
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