In January 2010, FSI and Briggs and Morgan, a 2010 FSI Law Firm Sponsor, conducted a survey of FSI members on securities arbitration. The survey results were to serve as the basis for a White Paper describing our members’ opinions about and experience with the FINRA arbitration process. “The Efficacy of Securities Arbitration and Proposals for Change”, was released in April 2010.
FSI member firm responses revealed the following trends:
To address concerns raised by regulators about the supervisory and compliance capabilities of independent broker-dealers, FSI released in March 2007 our second White Paper, Independent Broker-Dealers: Building a Culture of Compliance. This paper provides an overview of the current regulatory climate and a response to specific regulatory concerns.
In 2005, FSI commissioned research of its independent broker-dealer members in order to collect and analyze data on its members' business practices, gauge members' perceptions on the current regulatory environment, and evaluate the impact of a rapidly changing regulatory climate on their businesses and the businesses of independent financial advisors that are affiliated with them. The results of this research, along with supporting information and extensive interviews with executives of independent broker-dealer firms, were published in January 2006 in Making the Case for Independent Broker-Dealers and Financial Advisors.
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