In This Issue:
Complex Products and Conducting a Reasonable Basis Suitability Review; Guidelines for Presenting Backtested Performance Data; IOSCO Final Report on Principles for Financial Benchmarks; Protect Your Elders, Part II; “Retailisation” of Structured Products in the EU; FINRA FAQ on TRACE Reporting and Variable Price Reofferings; FINRA Postpones Rule Requiring Disclosure of Enhanced Compensation; and iShares Changes Names of Widely Used ETFs.
Excerpt from Complex Products and Conducting a Reasonable Basis Suitability Review -
In the past several years, FINRA has paid substantial attention to the suitability of structured products for particular investors, issuing a variety of new rules and regulatory notices. These include, but are not limited to, FINRA’s revised suitability rule, Rule 2111, and its guidance for complex securities set forth in Regulatory Notice 12-03.
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