FINRA's new proposal regarding the broker compensation disclosure appears far better to me than the proposal made last year. The earlier one required advisors to disclose to clients when they receive more than $100,000 in compensation (including signing bonuses and other payments) to switch firms.
I always thought the original version put financial advisors under onerous requirements that I have not heard of any other industry having. Although, there are ways of explaining to clients why and what brokers receive substantial bonuses for switching firms, it still puts financial advisors in a defensive situation.
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