A study of brokerage firms found that many of the biggest names in the business have not had any serious violations since the early 1980s.

Question

Quizplus · Accepted Answer

While many brokerage firms strive to maintain a clean record, the financial industry has seen numerous instances where even the biggest names have faced serious violations, fines, and penalties for various infractions since the early 1980s. Regulatory bodies like the SEC and FINRA regularly report on violations and enforcement actions.

A Study of Brokerage Firms Found That Many of the Biggest