It's not easy being FINRA. On one hand, the Financial Industry Regulatory Authority Inc. is widely criticized for not being tough enough in going after stockbroker malpractice. On the other, it is under fire for some of its proposals for trying to improve how it fulfills its regulatory responsibilities. What's a body to do?
Beware the deal that sounds too good to be true. It very probably is. Unfortunately, too often, the wisdom of the adage is forgotten. The result can be that individuals fall victim to unscrupulous financial fraudsters.