The Security and Exchange Commission’s (SEC) office of compliance inspections and examinations has issued a public statement to retail investors on the sales of volatility-linked exchange-traded products (ETPs).

The SEC’s Office of Compliance Inspections and Examinations (OCIE) has reminded registered investment advisers and registered broker-dealers of the importance of having ‘robust and effective policies and procedures’. This includes policies that ensure that financial professionals comprehend the risks and purposes of the products they advise on and/or recommend to the end clients and customers in relation to volatility-linked ETPs. The SEC’s notice also calls on the targe

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