FINRA Slaps Brokers for Misusing Complex ETNs Under Reg BI
FINRA has penalized many financial advisors for recommending volatility-linked exchange-traded notes (ETNs) without knowing the products or the dangers they presented to customers, in violation of Regulation Best Interest (Reg BI).Retail investors seeking stability should not use these ETNs, which are meant to match short term volatility indexes. They need continual supervision, are heavily leveraged, […]
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