The commentator maintains that supervisors already look out for advisors that may be churning portfolios when frequently changing firms to earn recruiting bonuses.
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A FINRA proposal that would require firms to disclose incentives used to recruit brokers is provoking lively comments, including a statement that the regulator should keep its nose out of what advisors are paid. So reports AdvisorOne.com.
The commentator maintains that supervisors already look out for advisors that may be churning portfolios when frequently changing firms to earn recruiting bonuses.