FINRA CARDS Proposal Poses Challenges

FINRA-greenMany members of the industry are just beginning to understand the very serious potential implications that the Financial Industry Regulatory Authority Inc.’s Comprehensive Automated Risk Data System initiative could have for clients and their businesses.

By way of background, CARDS would gather financial firms’ data on client accounts and trading activity from clearing firms in the hope of helping Finra identify risks, spot patterns of business misconduct and target information requests to firms more efficiently.

For this complete article, please visit the InverstmentNews website.


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