FINRA drops controversial component of supervisory plan

06/30/2013 | InvestmentNews (free registration) · Reuters

The Financial Industry Regulatory Authority has backed away from a plan, originally proposed in 2011, to require broker-dealers to supervise non-securities-related businesses. The Financial Services Institute's Chris Paulitz says the group is "pleased that FINRA implemented some of our critical changes" to its proposed supervision rules, but that FSI still has concerns about provisions related to office of supervisory jurisdiction oversight.

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InvestmentNews (free registration) · Reuters

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