Updated Saturday, November 22, 2014 as of 11:35 AM ET

Brokers Need More Bank Oversight, Examiner Says

HOLLYWOOD, FLA. Banks are not actively engaged in overseeing their broker-dealers, and regulators are taking notice.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Comments (2)
Where is this all going to end. At one stage, we have to weigh the need to protect the interest of the investors vs the cost and need of an oversight over each and every aspect of the capital market. Everybody concerned needs to act responsibly, else one will be spending more time on admin matters rather than technical stuff.
Posted by KIMMY B | Friday, March 07 2014 at 1:05PM ET
OCCs Boccio is way ahead of the SEC, FINRA and the SIFMA in recognizing the difference between suitability and fiduciary standards and that the OCC requires fiduciary standing where the other regulators easily dismiss consumer protections afforded by fiduciary duty.

SCW
Posted by Stephen W | Friday, March 07 2014 at 3:44PM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here