Today, the Financial Services Institute’s (FSI) Senior Vice President of Policy & Deputy General Counsel, Robin Traxler, will speak to the Securities & Exchange Commission’s (SEC) Investor Advisory Committee regarding unpaid arbitration awards.
During her statement, Traxler calls for financial advisors and firms who fail to pay their arbitration fines to be banned from working in the financial services industry in any capacity. Traxler stated that any solution to the issue of unpaid arbitration awards should not unfairly impact honest actors in the industry. Instead, the consequences of not paying an award should preclude the bad actor from continuing to work with investors in any capacity, creating an important deterrent to bad behavior.
Marc Squires Elected to FSI Board of Directors
The Financial Services Institute (FSI) today announced the election of Marc Squires, Head of Wealth and Brokerage Platforms, Fidelity Institutional, to its Board of Directors.Read More
FSI Applauds Development and Rollout of SEC’s Regulation Best Interest as Crucial New Rule Goes Into Effect
This critical new rule represents a tremendous step forward in protecting Main Street American investors, increasing transparency and reducing confusion as to the obligations of financial professionals.Read More
FSI Statement on DOL’s Proposed Exemption for Investment Advice Fiduciaries
Encourages alignment with SEC’s Reg BI and preserving investor choice Today, the Department of Labor (DOL) released a proposed exemption …Read More