Updated Thursday, September 3, 2015 as of 12:36 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.

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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.

Posted by Stephen W | Friday, March 07 2014 at 3:44PM ET
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