Finra To Firms: Don’t Duck Our Arbitration Forum
JULY 28, 2016 |
Finra could be girding for some fights against brokerage firms who insist on avoiding Finra arbitration in lieu of other dispute-resolution forums.
Last week, Finra warned broker-dealers in no uncertain terms that they can’t force customers or registered reps into dispute forums other than Finra’s own arbitration program.
The warning, in a regulatory notice issued Friday, said firms could be subject to enforcement action if they deny access to Finra arbitration.
Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.