New FINRA Broker Bonus Rule Out ‘Fairly Soon’: Ketchum


Arb task force should have first report out by summer, but ‘CARDS as it exists now is unlikely to move forward,’ Ketchum said.

The Financial Industry Regulatory Authority is ready to push ahead with a new iteration of its broker recruitment compensation rule, is expecting by summer a report from its Arbitration Task Force, is looking to “diversify” FINRA’s arbitration pool, but is still getting feedback on its Comprehensive Automated Risk Data System proposal, or CARDS, Richard Ketchum, the self-regulator’s chairman and CEO, said Monday.