Finra survey shows investors want more regulatory protection

Investors want more regulatory protection and are willing to pay higher brokerage costs to get it, a new Finra survey shows. On Thursday, the Financial Industry Regulatory Authority Inc., the industry-funded broker-dealer regulator, released a study showing that 92% of investors say it’s important to have a “cop on the beat” to protect them from malfeasance in the markets and that 74% support “additional regulatory protections.” More than half (56%) would favor enhanced regulation even if it resulted in “a minimal increase” in costs that brokerage firms pass on to investors. The rest of the study participants split between opposing additional regulation if it meant higher costs (22%) and having no opinion (22%). More on Investment News here.