Alan Wolper provided commentary in a recent RIABiz article focused on BrokerCheck, FINRA’s report card on broker-dealers. In the article “FINRA shifts an unwelcome spotlight away from itself – by training it on the brokers it oversees,” Wolper noted:
“Rather than the entity that was created decades ago, which was strictly the securities industry quietly policing itself, with no publicity, no fanfare, no worries about how it would be perceived by others, FINRA today is extremely enforcement oriented, loudly extolling the number of cases it brings, the finds, the individual’s it’s barred. The one group whose approval it either takes for granted or ignores is its member firms.”
For the full article and more from Alan on this topic, please click here.