Firms continue to complain of outrageous fees, policy and procedures that are not applicable to their business models
When it comes to communicating with dealers, regulators have stepped up their game; they are being more collaborative
Are regulators making markets attractive enough to investors without restricting business for dealers?
Some dealers want consolidation of the SROs
The MFDA has seen significant improvements to its ratings, while the other regulators have stepped up their efforts (includes chart)
Dealers’ relationships with their regulators may be thawing
Some of the largest increases in this year’s ratings relate to the quality of regulators’ communication with the industry <b>(includes chart)</b>
Dealers are wondering if regulators looked into every client complaint because of media pressure during the downturn
Although small firms laud regulators’ efforts in communications, they are still concerned about their fees
Regulators counter that auditors are well trained but cannot be expected to know everything about a particular business