More than 15,500 investors were charged unfair and unreasonable commissions, FINRA says
Better disclosure a fundamental building block of a single standard of care
Change will give investors an additional choice in selecting their arbitrators when they file claims
Firm did not have adequate supervisory procedures and systems: FINRA
Proposal intended to enhance confidence in and increase the perception of fairness in the arbitration process
Regulators will be able to share information more freely
Rodman transaction expected to close in 2011
U.S. regulator fines, suspends 11 at company
Regulator also approves proxy proposals addressing several issues
Firms must be mindful of the concerns in dealing with senior investors, regulators say