Posts tagged Cross-Selling Sweep Exam.
In late October, FINRA issued a sweep exam, commanding firms to produce 15 categories of documents about firm's cross-selling programs over a 5-year span. The sweep seeks information on cross-selling, including incentives and compensation, tracking and performance metrics, complaints and discipline, compliance and supervision, among others. The letter also imposes a November 15 response deadline.
The sweep letter does not expressly refer to the recent Wells Fargo cross-selling scandal or to Senator Warren's ensuing broad-side calling for SEC Chair White's resignation ...
Posted in: FINRA
Tags: burr and forman, burr forman, Cross-Selling Sweep Exam, finra, securities litigation, Securities Litigation & Arbitration, wells fargo