Presumably, sometime during 2014, FINRA will implement Regulation 13-02. This rule will require financial advisors who change broker-dealers to disclose the compensation they received from their new firm as part of the recruitment deal.
The details are sketchy on how it will be implemented, but this regulation is causing a great deal of consternation within the financial advisory industry. The rule has many public supportersincluding the major wirehouses and regional broker-dealersand detractors, which include many recruiters.
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