How do you get deadbeat brokers and the firms that employ them to pay what they owe to investors?
The Financial Industry Regulatory Authority is open to suggestions.
Finra, the regulator of the brokerage industry, recently released some troubling data on arbitration awards and the proportion of them that go unpaid. "Previously unpublished data" from Finra that appeared in The Wall Street Journal showed that 15 percent of awards granted to investors by FINRA arbitration panels in 2014 — roughly $34 million — remain unpaid by the brokers and their firms. That's slightly higher than the 13 percent average over the five years through 2014, according to FINRA's data.