NASAA Says FINRA’s Outside Activities Rule Could Leave Investors Exposed
NASAA urged the SEC to toughen FINRA’s Rule 3290 proposal, warning that side businesses and private deals could evade broker-dealer oversight.
The Old State-Regulator Warning That Still Matters For Independent Broker-Dealers
State regulators have long worried independent broker-dealers, and today’s enforcement, CE and client-data issues keep that pressure alive.