FINRA to Review of 'Higher-Risk' Structured Products
Action Required: Review current client portfolios for 'worst-of' structured notes and ensure suitability documentation is robust and compliant with Reg BI.
FINRA has announced a targeted review of how firms supervise 'worst-of' structured notes, specifically focusing on compliance with Regulation Best Interest (Reg BI). Financial advisors utilizing these complex products should prepare for increased scrutiny regarding suitability and disclosure practices.
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