Technology Integral as New Finra Suitability Regulations Come Into Force

Benjamin Skjold, Partner at Foley & Mansfield

David Fetter, CEO of Quadron Data Solutions

- Timothy Bourgaize Murray
- 10 Jul 2012

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

In May, the Financial Industry Regulatory Authority (Finra) fined Citigroup, Morgan Stanley, UBS, and Wells Fargo between $1.5 million and $2.1 million each for their representatives' insufficient understanding of certain non-traditional exchange-traded funds (ETFs), billions of dollars of which were sold to conservative investors for whom they made little sense, and resulted in significant losses.

This week, new rules are scheduled to take effect making suitability—the background work the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@waterstechnology.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@waterstechnology.com