FINRA's CEO Richard Ketchum expressed interest in having FINRA cover unpaid arbitration awards for some of the many investors unable to collect them from the brokers who harmed them.

"Something should be done about it," Ketchum told Sen. Elizabeth Warren (D-Mass.), during testimony March 3 before a Senate subcommittee hearing on Capitol Hill. "We are looking at whether, one way or another, there should be a fund to try to at least address the small investors that are terribly harmed."

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