FINRA considers compensation disclosures for brokers

04/15/2013 | Wall Street Journal, The

Earlier this year, the Financial Industry Regulatory Authority requested feedback on a proposal to require brokers to disclose to former clients any recruitment-related compensation when they switch securities firms. Many expect the agency to implement the requirement, which would include disclosure of signing bonuses and other lures. SIFMA supports such disclosures in certain conflict-of-interest cases.

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