COMPLY-Choices for recouping unpaid FINRA awards seen as flawed

A range of solutions has emerged for dealing with a growing problem of brokerages that skip out on paying arbitration awards they owe to investors. Each, however, is far from perfect. The Financial Industry Regulatory Authority (FINRA), Wall Street’s self-funded regulator, is evaluating whether it needs to address an issue that some investor advocates say is getting out of hand: brokerages that lose securities arbitration cases against investors and then close up shop, leaving those investors unable to collect. More on Reuters here.

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