Latest Finra report suggests firms selling structured notes and other 'complex' products need to strengthen their compliance programs and supervisory controls
Some firms keep customer accounts overconcentrated in complex structured notes or sector-specific investments, as well as illiquid securities, such as non-traded real estate investment trust (Reits), ‘which were unsuitable for customers and resulted in significant customer losses’, according 2018 Report on Finra Examination Findings . ‘One of our core priorities is to provide firms with information that will help them more easily comply with rules and regulations, and this rep
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