 Turning over account-level data on a regular basis to one quasi-government entity is just something that the public doesn't like doing and our members think their clients don't like."Kenneth Bentsen Jr., president and chief executive, SIFMA |
Ketchum on hot seat over controversial CARDS proposal
Mark Schoeff Jr. | InvestmentNews, November 2014
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Summary: Finra has a way to go to convince the brokerage industry that a massive brokerage-account-information collection system will be good for the financial markets. At the Securities Industry and Financial Markets Association annual conference in New York on Monday, the organization's leader said that it opposes the proposal, known as the Comprehensive Automated Risk Data System.
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