Regular readers will know that, with a few honourable exceptions, I don’t have the highest regard for FX strategists. It comes from bitter personal experience and, if I am honest, the surge in retail (sorry – institutional!) FX brokers seeking to give their clients insight (when all they mostly do is report the news). That said, even I would have to draw the line at FX strategists as market manipulators. According to reports at the weekend, however, this is a line that the Turkish authorities are more than willing to cross.
Tag: regulatory sanctions
The Financial Industry Regulatory Authority’s (FINRA) board of governors has approved the next step in what it terms its ongoing initiative to strengthen controls on brokers with a history of significant past misconduct.
The recommended changes also seek to ensure greater accountability for firms that choose to employ high-risk brokers.
FINRA says it plans to issue a Regulatory Notice seeking comment on the key proposals – which would strengthen protections for investors and range from additional disclosure on its BrokerCheck platform to heightened supervision of brokers appealing disciplinary matters.