LOGIN
Subscribe

Finra launches exam sweep of business development companies

Regulator: "There is concern that retail customers may not fully understand the risks and the potential impact on their portfolios."

Finra has launched an examination sweep of nontraded business development companies, the latest alternative investment product to receive increased scrutiny from the broker-dealer regulator.
In an exam letter posted on its website Thursday, the Financial Industry Regulatory Authority Inc. said it is

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

Wealth firms must prepare for demise of non-competes, despite legal challenges to FTC rule

Wealth firms must prepare for demise of non-competes, despite legal challenges to FTC rule

A growing sentiment against restricting employee moves could affect non-solicitation, too.

FPA, CFP Board diverge on DOL investment advice proposal

FPA, CFP Board diverge on DOL investment advice proposal

While the CFP Board supports the proposal, the FPA has expressed concerns about the DOL rule potentially raising compliance costs for members, increasing the cost of advice and reducing access to advice for some.

Braxton encourages RIAs to see investing in diversity as a business strategy

Braxton encourages RIAs to see investing in diversity as a business strategy

‘If a firm values its human capital, then it will make an investment to make sure that their talent can flourish for the advancement of the bottom line,’ says Lazetta Rainey Braxton, co-CEO of 2050 Wealth Partners.

Bill chips away at SALT block but comes with drawbacks, advisors say

Bill chips away at SALT block but comes with drawbacks, advisors say

'I’d love to see the [full] SALT deduction come back but not if it means rates go up,' one advisor says.

Former Morgan Stanley broker running for office reviewing $147K award

Former Morgan Stanley broker running for office reviewing $147K award

Deborah Adeimy claimed firm blocked her from running in GOP primary, aide says 'we're unclear how award figure was calculated.'

Latest news

Investors are impatient, they want big earnings

Investors are impatient, they want big earnings

Supreme Court backs CFPB funding, avoiding potential problem for the Fed

How can spending hours scrolling on a phone help achieve financial goals?

Nippon’s $3.8B stake in Corebridge could be just the start

Going for gold? Silver is shining brighter

Jefferies risk manager remembers red flags in Archegos trial

JPMorgan Asset Management launches rare money market fund

InvestmentNews Awards 2024 Excellence Awardees

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print

Subscribe

Get unlimited access to InvestmentNews

Subscribe for just
$19.99 per month.

Subscribe