You can run but you can't hide
Commission disclosure is believed by some to be the one of the largest threats to independent brokers since regulation came into force. Martin Friel explores if an industry-led solution is feasible in a market split by opinion
It is the talk of the industry; the elephant in the room; the nagging problem that refuses to go away. It is, of course, commission disclosure. This debate has been going on for years now but it received a huge boost in profile when Eliot Spitzer started gunning for the big brokers across the pond and their use of contingent commissions. With the issue brought to the forefront, the Financial Services Authority (FSA) sat up and took notice and decided that as there was a problem in the US, then
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