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Article: Forecasting Finra's future.(News)
- Article from:
- Investment News
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Pravin B. Rao and Howard J. Rosenburg
The financial services industry has spent most of this year anticipating regulatory changes in response to the recent global economic crisis.
The overarching question that faces us is how the regulatory framework will change as the government tries to bolster public confidence in financial institutions besieged by one crisis after another, from the mortgage meltdown to the credit crisis to large Ponzi schemes. This response will affect the role and operations of the Financial Industry Regulatory Authority Inc. and how it interacts with investment professionals.
Two broad options appear as the ...