News | 11.05.19
Marijuana Laws Create Compliance Quandary for U.S. Broker-Dealers
A patchwork of state and federal laws governing the use and sale of marijuana is creating compliance challenges for U.S. firms that manage accounts for investors and trade securities for them. Uncertainty about how to navigate the evolving legal landscape has prompted some brokerages to bar existing clients from trading securities of marijuana businesses, or even turn away prospective clients who have investments in the industry, brokers say.
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