Finra Gives Small Firms a Break for Exam Frequency
August 13, 2019 by Alex Padalka
Finra is giving small firms a break when it comes to how often they get examined, according to news reports.
While typically the industry’s self-regulator examines firms every two or three years, small firms without disciplinary history will only be examined every four years or so, Robert Muh, chief executive of Sutter Securities and a small-firm representative on Finra’s board, tells InvestmentNews. The change will go into effect in the next round of exams, he says, according to the publication.
Click HERE to read the full story via Financial Advisor IQ.