Structured Thoughts -- Volume 4, Issue 13 -- October 15, 2013

In This Issue:

FINRA’s Report on Conflicts of Interest: Issues for the Structured Products Market and Structured Notes, Their Hedges, and Dodd-Frank

Excerpt from FINRA’s Report on Conflicts of Interest: Issues for the Structured Products Market -

Introduction:

In October 2013, FINRA issued its long-awaited report on broker-dealer conflicts of interest.

The report was issued after a process that FINRA initiated in July 2012. At that time, FINRA sent a targeted examination letter to several large (unnamed) brokerage firms to review their conflicts management practices, and to better understand how the industry identifies and manages conflicts.1 FINRA based its report on information obtained from the responses to the examination letter, in-person meetings with FINRA, and a follow-up compensation questionnaire.

Please see full issue below for more information.

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Topics:  Conflicts of Interest, Dodd-Frank, FINRA, Structured Financial Products

Published In: General Business Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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