Updated Thursday, December 18, 2014 as of 11:24 AM ET

SIFMA Blasts FINRA Proposal Over Costs, Data Security

The financial services industry's main lobbyist group is warning that a proposed FINRA data system could put sensitive client information at risk of exposure, and burden financial services firms with new costs.

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Comments (1)
If FINRA is serious about fiduciary standing of the broker, the SIFMA must be able to support reporting on all a client's holdings. If the SIFMA does not support continuous comprehensive counsel, then FINRA is sunk in its regulatory ambitions to support and regulate advisory services.

SCW
Posted by Stephen W | Monday, March 24 2014 at 1:04PM ET
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