FINRA approves 3 of 7 proxy proposals to improve disclosure

10/4/2010 | InvestmentNews (free registration)

Richard Ketchum, CEO at the Financial Industry Regulatory Authority, sent an e-mail to member firms saying the regulator will move forward with three of seven proxy items proposed by Amerivet Securities and approved by broker-dealer firms. FINRA will disclose the pay of executives on a more timely basis, reveal more about its board's actions and publish the names of firms hired to manage its portfolio. Ketchum said FINRA will not give members a "say on pay" for top executives.

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