States Target Structured Products and Gold
Broker-dealers’ sales of structured products, including private-placement notes and reverse convertibles, remain a top concern of state securities regulators. In addition there is growing concerns among state regulators about the firm’s complaice department being located thousands of miles away at the Home Office.
Structured products are complicated baskets of investments that many advisors have difficulty understanding, let alone trying to get the average cleint to understand. Given the enforcement actions arising from Auction Rate Securities, Structured product sales may be nest.
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