Rearranging the Deck Chairs - Examiner FINRA Employee Review

The transformation of Member Supervision has caused disruption without resulting in meaningful improvement. Many people have been reassigned to positions they don't like. The culture remains highly political and cliquish. Staff pay remains low, while senior management pay remains obscenely high, and opportunities for advancement remain scarce. Employee turnover is high, and no one in management is held responsible for it. Too many firm exams are unnecessary exercises in checking boxes. Too many enforcement actions target low-level reps and small firms, while CEOs of the biggest Wall St. firms skate. Rule-making nibbles around the edges of existing rules rather than aggressively expanding into problematic areas. Management does too much to appease member firms.