FINRA targets conflicts of interest in broker pay

The Financial Industry Regulatory Authority is scrutinizing conflicts of interest that might be created by the way companies compensate brokers. FINRA is examining issues including compensation from product sponsors, promotion of specific products, mutual fund fees and recruiting bonuses. “The intent of this review is to continue our assessment of the efforts employed by firms to identify, mitigate and manage conflicts of interest, specifically with respect to compensation practices,” according to the regulator. InvestmentNews (8/20)