TITLE

Brokers Must Disclose Signing Bonuses as FINRA Board Passes Rule

AUTHOR(S)
Faux, Zeke
PUB. DATE
September 2013
SOURCE
Financial-planning.com;9/19/2013, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the board of directors of the U.S. regulatory group Financial Industry Regulatory Authority (FINRA) approved during its September 19, 2013 meeting a proposal that would require brokers to make disclosures about recruit compensation they receive from a new firm. Topics discussed include FINRA's proposal for a tiered system of disclosures for brokers receiving bonuses at least 100,000 U.S. dollars, and the required approval of the Securities and Exchange Commission.
ACCESSION #
97450164

 

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