Conflicts Of Interest

Last Saturday’s edition of the Intelligent Investor reported on a study just released by FINRA, the Financial Services industries governing body, on brokers conflicts of interest. Susan Axelrod, FINRA’s Executive Vice President for regulatory operations, states that “Conflicts have existed, they still exist and will exist in the future in this industry.” The report did not seek to identify and address all conflicts of interest nor does it make any pretense that all will be eliminated. Mr. Zwe...