The self-regulator’s adjudicators must now consider whether customers involved in disciplinary proceedings are 65 or over and have mental or physical impairments.
The arbitrators also denied the registered representatives counterclaims, awarding no damages and ordering the parties to split the hearing session fees.
Dale Brown was referring, in particular, to fiduciary rulemaking that certain states embarked on after being disappointed with the SEC’s Regulation Best Interest.
Brooklynn Chandler Willy and other agents allegedly earned that amount in commissions from the sale of alternatives to often unsophisticated investors.
The innovation is happening thanks to UBS’ technology development cost-sharing pact with Broadridge Financial Solutions, according to the bank’s chief financial officer.