Financial industry worries about Finra’s next step on complex products
Brokerage and fund trade associations caution against limiting the market for retail customers. Consumer group and state regulators say more oversight is needed to protect investors.
Financial industry groups expressed concern about Finra’s stepped-up interest in the sales of complex products, worrying that it may go too far in trying to strengthen protections for investors who make the purchases on their own.
In March, the Financial Industry Regulatory Authority Inc. issue
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