FINRA, the regulatory body of the brokerage business is proposing a new electronic data collection system that would transform how the regulators scrutinize brokers. The proposed system would collect, on a weekly basis, on all activity at the more than 4,100 national brokerage firms. It will be looking for evidence that a firm or broker was trying to take advantage of client.  These no no’s would include such things as excess trading or commissions, switching one mutual fund to another o...