Finra rejects ‘more than half’ of structured product adverts
A Financial Industry Regulatory Authority official has publicly commented for the first time on the structured product marketing materials used by brokers, singling out mass emails to retail investors as a particular concern
Financial Industry Regulatory Authority (Finra) staff warned brokers in more than 50% of cases not to use sales materials related to structured products that failed to comply with new communications rules, said Thomas Selman, executive vice-president for regulatory policy at Finra, speaking at a conference last week.
More than half of sales materials related to structured products have earned a "do not use" warning from Finra staff in the past 14 months, while 75% merited comments for perceived
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