In this issue of Structured Thoughts, we discuss:
- FINRA sanctions for a broker for failing to reasonably supervise sales of complex securities.
- NASAA's report warning about the risks of leveraged and/or inverse exchange-traded funds.
- FINRA's 2019 report on Examination Findings and Observations, describing effective practices that could help broker-dealers improve their compliance and risk management programs.
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Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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