Updated Tuesday, October 21, 2014 as of 3:08 AM ET

FINRA Disclosure Proposal Heads to SEC

FINRA has filed a proposal with the SEC requiring advisors to disclose recruitment bonuses to their clients when switching firms, according to documents posted on FINRA’s website.

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Comments (1)
Not to worry. For most advisors, this will never be an issue because transition bonuses large enough to trigger the new disclosure are very probably going to disappear faster than $100.00 laptops at Costco. It's a stupid rule, issued by an agency becoming increasingly noted for issuing stupid rules. But I, for one, am glad to see it coming. It is going to be a huge boon to my business.
Posted by Ron E | Wednesday, March 12 2014 at 1:03PM ET
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