FINRA extends its arbitration system to RIAs

11/4/2012 | Reuters

The Financial Industry Regulatory Authority announced late last week that its arbitration process is now available to registered investment advisers, even though the watchdog does not officially keep an eye on the approximately 28,000 RIAs in the country. The rub is that FINRA is interested in becoming the self-regulatory organization for RIAs, though it says the arbitration move and the SRO hopes are unrelated.

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