Self-regulatory organizations welcome opportunity for consultation as regulators revisit current structure
Former mutual fund rep also fined $150,000 for violations, which include investing outside of an MFDA member firm
The association offers best practice to help protect older and vulnerable clients
Merging self-regulatory organizations would create a better oversight regime, argues former president and CEO of IFIC
The investor advocacy group’s efforts to get support from industry stakeholders were not enough to satisfy a key condition
The man filled documents with incorrect KYC information, misrepresented or failed to disclose risks, and made unsuitable leveraging recommendations
The change, they said, would resolve an unbalanced situation for retail investor complainants
Financial regulators seek to improve investor protection through some rule proposals
Numerous regulators oversee financial markets and companies in the country, each having different responsibilities
The organization’s latest report showed an emphasis on cases involving unsuitable allocations and KYC issues
