The Financial Conduct Authority (FCA) could be set to crack down on a growing number of brokers attempting to circumvent MiFID II rules by providing research for free to all buy-side firms including asset managers, a senior financial lawyer has said.
Financial regulation counsel at Ropes & Gray John Young said the regulator will be forced to respond to the trend of brokers making their research available to all firms, as MiFID II rules experience "an...
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