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Advisors’ Misconduct Going Undetected

Friday, May 16 2014
Regulatory & Compliance
Written by  PFA News

Securities and Exchange Commissioner Daniel Gallagher says a recent review of brokers’ disciplinary record shows that advisors’ violations of regulations may be going unnoticed. So reports Reuters.

Gallagher added that policing efforts need to be improved. The review by the SEC determined that 20% of licensed brokers have disciplinary actions on their disclosure forms.

Read the full article from Reuters.

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