The Public Investors Arbitration Bar Association (PIABA), a group of lawyers that represents retail investors who sue brokerage firms, in a new report Wednesday morning took aim at perceived conflicts of interests at the board of governors of the Financial Industry Regulatory Authority Inc. (FINRA)
The report claims that many so-called "public governors" on Finra's 24-person board have connections to Wall Street, serve on too many corporate boards to represent the public effectively and face conflicts of interest.
The full text of the Investment News Article May Be read here.
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