The regulator must provide evidence that current regulations are insufficient; the impact proposed changes would have on retail investors; and whether it is coordinating its effort with the SEC, which has also raised concerns about the retail sale of complex investment products.
Enhanced regulation on the sale of ‘complex products’ and options to retail investors could raise costs and unfairly limit retail investors’ access to products and strategies that are readily available to other investors, according to a group of Republican members of the House Financial Services Committee. In a letter to US Financial Industry Regulatory Authority’s (Finra) president and CEO Robert W. Cook, Republican members of the House Financial Services Committee expressed their concerns wit