Finra Puts the Brake on Cards
Finra CEO Richard Ketchum says regulators will not proceed with Cards proposal until concerns are addressed.
The regulatory body's chairman and CEO Richard Ketchum broke the news while offering his testimony regarding Finra's operations and regulatory programs to the Subcommittee on Capital Markets and Government Sponsored Enterprises Committee on Financial Services.
"We are currently in the process of evaluating the many comments we received in response to the Cards proposal and are meeting with industry and investor groups as well as individual firms to ensure that we understand all the concerns
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