SEC proposal to narrow FINRA exemption should benefit brokers
Proposal would narrow exemption from FINRA for prop trading firms
Enforcement penalties will be used to help fund the new SRO
SRO taps Steven Glover as new chair, brings Steven Donald back to board in new role
SRO committees focus on market regulation, fixed-income trading issues
Advocacy group calls for regulators to prioritize investor protection
Ex-fund rep misappropriated client money and disappeared
Regulators are also forming a new advisory committee to review SRO consolidation
Editorial: If the merger results in a more robust, investor-focused SRO, then short-term distractions can be forgiven
Disappointment rests on a mistaken presumption, writes Ian Russell