03.09.22
FINRA Warns BDs of Reg BI Obligations on Complex Products
by: Melanie Waddell
A just-issued regulatory notice from FINRA reminds broker-dealers (BDs) of their responsibilities under Regulation Best Interest in relation to complex products. The regulator is also soliciting BDs' feedback by May 9 on the effective practices they have developed for those products, especially when retail investors are involved and whether the current regulatory scheme is aptly customized to address concerns that such products raise.
Read the full article on ThinkAdvisor