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Structured Products ‘Area Of Concern,’ Says FINRA Chief

Richard Ketchum, chairman and ceo of the Financial Industry Regulatory Authority, said structured products are an “area of concern," reports Bloomberg.

Richard Ketchum, chairman and ceo of the Financial Industry Regulatory Authority, said structured products are an “area of concern.” Speaking at FINRA’s annual conference, Ketchum said that brokers who sell them must “truly understand the products they sell,” adding that brokers cannot rely on firm approval alone to meet client suitability obligations.

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