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.
FSI Names Senator Tim Scott and Representative Madeleine Dean as Its 2021 Congressional Champions for Main Street
Lawmakers from Each Party Recognized for their Dedication to Preserving Americans’ Access to Affordable, Professional Financial Advice and Enhancing Financial […]Read More
FSI Announces 2021 Advocacy Circle of Excellence Honorees and Winners of Stephen R. Kareta Excellence in Advocacy Awards
FSI’s Second Annual Awards Program Recognizes Members for Outstanding Contributions to Advocacy on Behalf of Independent Advisors and Their Clients […]Read More
FSI Challenges DOL Independent Contractor Rule Withdrawal
Late yesterday, the Financial Services Institute (FSI) joined in filing an amended complaint against the Department of Labor (DOL), challenging […]Read More