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FINRA pulls plug on bonus disclosure rule

The Financial Industry Regulatory Authority has temporarily withdrawn a proposal that would have required brokers to inform clients about recruitment bonus and other incentives.

By Chuck Epstein | Updated on June 24, 2014

The Financial Industry Regulatory Authority has temporarily withdrawn a proposal that would have required brokers to inform clients about recruitment bonus and other incentives.

Rule 2243 would have required brokers to verbally inform clients about their incentives and then follow up with a written notice within 10 days of the initial contact. 

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