I knew about the issue of FINRA executive compensation, as it came out in a case that I am marginally involved in, but did not have the time, or resources to verify the information that I was given. However, the story of the multimillion dollar salaries for FINRA executives is starting to gain momentum.
InvestmentNews.com ran the story on Thursday, and it is being picked up by other outlets.
FINRA paid its top executives tens of millions of dollars last year, and is spending untold millions on advertising campaigns to promote it's newly minted image as an investor advocate. Isn't it a self regulatory organization? There is a difference, and those millions of dollars would be better spent hiring staff and investigators so that exams and enforcement actions don't take years and years to complete.
InvestmentNews.com ran the story on Thursday, and it is being picked up by other outlets.
FINRA paid its top executives tens of millions of dollars last year, and is spending untold millions on advertising campaigns to promote it's newly minted image as an investor advocate. Isn't it a self regulatory organization? There is a difference, and those millions of dollars would be better spent hiring staff and investigators so that exams and enforcement actions don't take years and years to complete.
