The brokerage industry’s self-policing organization has been ordered to improve its document procedures after allegedly providing altered records to the Securities and Exchange Commission for an inspection in 2008. The Financial Industry Regulatory Authority’s Kansas City office altered the documents, the SEC said Thursday in announcing the order. The SEC, which oversees the group, known as FINRA, and inspects brokerage firms, had requested the records of three FINRA staff meetings. Read Associated Press report here.
