Despite Rule Change, FINRA’s BrokerCheck Tags No ‘Restricted’ Firms?, Partner Gregg Breitbart quoted in Advisor Hub, 6-20-2024

An article in Advisor Hub, published on June 20, 2024, features a quote from Gregg Breitbart, Kaufman Dolowich Co-Chair of our Financial Services & Institutions Practice. The article discusses that since FINRA was to publicly label firms as ‘restricted’ if they or their brokers had a significant history of misconduct, no firms have been named yet. 

“I do not have or know of any [broker-dealer] clients who have had to deal with the restricted label,” said Gregg Breitbart, a partner at Kaufman Dolowich in Fort Lauderdale. “Most of my clients have done everything in their power to avoid even getting close to the line under that rule.”

Read more at the full article.