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FINRA to Merge Enforcement Units – Bloomberg BNA

July 28, 2017 In The News

The Financial Industry Regulatory Authority (FINRA) has announced the merger of two separate enforcement programs.  The program that focuses on member firms will be merged with the program that focuses on over-the-counter trading.

Jacob Zamansky told Bloomberg BNA that “It’s an appropriate move to merge, and hopefully it will make the FINRA enforcement a more efficient operation and allow it to better regulate the brokerage community.”  Zamansky suggests that the new unified department should prioritize combating elder abuse, which is on the rise.  “Those who are caught in engaging in egregious conduct against seniors should be thrown out of business,” Zamansky said.

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