Regulatory Outlook | 10.19.21
FINRA Set to Review Rules on Sales of Complex Products
FINRA is about to launch an initiative that could lead to tougher rules governing the sales of complicated investments. “We've been looking closely at the offering of complex products by our member firms,” FINRA Chief Executive Robert W. Cook said Monday at a conference. “We're close to issuing a [regulatory] notice that would solicit views about whether this area of our rulebook needs to be updated.” As an example, Cook pointed to options trading, noting that in the past, retail investors could only make such transactions through a financial professional. Today, they can engage in online options trading on their own.
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