FINRA should evaluate how its policy and requirements for becoming a broker/dealer may be financially and/cost prohibitive. Access to financial resources may be a barrier to entry for many in targeted demographics for greater inclusion. Additionally, perhaps there are incentives that might aid more tradition broker/dealers in the recruitment, mentoring, and career support for diverse candidates. Lastly, community engagement at local levels must be consistent and sustained to realized progress and effectively move the dial. Thanks for the opportunity to comment.
Ryan Frazier Comment On Regulatory Notice 21-17
FINRA should evaluate how its policy and requirements for becoming a broker/dealer may be financially and/cost prohibitive. Access to financial resources may be a barrier to entry for many in targeted demographics for greater inclusion. Additionally, perhaps there are incentives that might aid more tradition broker/dealers in the recruitment, mentoring, and career support for diverse candidates. Lastly, community engagement at local levels must be consistent and sustained to realized progress and effectively move the dial. Thanks for the opportunity to comment.