Alarmed at a set of conditions that could invite sales abuses and eventually a market correction, the Financial Industry Regulatory Authority enters 2013 with a warning to investment advisors that the group plans to keep a close eye on the industry and hold advisors accountable to its new suitability rule.
As a starting point, FINRA explains that the current market conditions of slow growth and low interest rates have created new vulnerabilities for retail investors, who, while chasing safer investments, could actually be exposed to new risks as they shift holdings from equity to debt markets, which FINRA warns could be inflated.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access