Inquiring minds will wonder, after reading this:
Since 2007, there are 12.5 percent fewer brokerage firms, 5 percent fewer branch offices and 6 percent fewer registered representatives in the financial services industry.
According to Treece’s data, there has been a 26 percent increase in the number of disciplinary actions taken against member firms, a 31 percent increase in the number of firms expelled from the industry and a 65 percent increase in the number of individuals expelled. After three hours, the Finra brass apologized to Treece.
