FINRA’s proposed 25% increase in the fees that it collects from financial service firms may become a reality within the next few months, and it is important that all financial advisers stop and take note of the potential consequences.

Despite industry objections, FINRA has continued to argue that the fee hike is essential to its ability to effectively continue its regulatory mission in today’s financial environment. Unfortunately, because this additional expense will significantly increase the cost of providing financial advice, these fee hikes might spell the end of widespread access to financial services for many of your middle-market clients.

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