Commenting on the proposed FINRA regulation regarding pricing information of retail fixed income trading transactions, Hugh Berkson, Executive Vice-President/President-Elect, PIABA, explains that he supports the transparencies the regulation would require but believes it should extend beyond its current scope. Rather than be limited to 100 bonds or a face value of $100,000 or less, the regulation should apply to all retail fixed income transactions.
Hugh Berkson is a Securities Attorney with McCarthy, Lebit, Crystal & Liffman, Co. LPA. Hugh is rated AV® Preeminent™ by Martindale-Hubbell®.
He obtained a business degree in Finance from the University of Texas at Austin in 1989, and is a 1994 graduate of Case Western Reserve University School of Law, where he was a member of the Order of the Barristers and received both the American Jurisprudence Award, (National Mock Trial) in 1993 and the Jonathan M. Ault Mock Trial Prize for 1993-1994.
