Series 99: 3.2.5.1 Firewall Between Research And Investment Banking

Taken from our Series 99 Top-off Online Guide

3.2.5.1  Firewall Between Research and Investment Banking

FINRA requires a “firewall” between a company’s research and investment banking departments. That is, research analysts may not be supervised or controlled by any employee of the member firm’s investment banking department, nor may any member of that depa

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