01-25-18
A Peek Behind the Curtain: FINRA Publishes Budget, Financial Guiding Principles, Addresses Fees
FINRA followed up its recently-issued regulatory and examinations priorities letter with the publication of a 2018 annual budget summary containing financial guiding principles. This new disclosure is another first for the self-regulating organization as it continues on a path toward more transparency and accountability. FINRA President Robert Cook also had a chance to comment on this in person at a SIFMA-CL lunch in New York City this week with industry members.
Bates has some key takeaways from FINRA’s latest disclosures.