Structured Products Americas: More mis-selling fines to follow, Finra warns
The US industry's own regulator says its mis-selling investigation may lead to more fines for US companies.
A crackdown on mis-selling of structured products to retail investors could lead to more fines for US companies in the near future, the US financial industry's self-regulatory body warned yesterday.
Speaking at the Structured Products Americas conference in Miami, Richard Vagnoni, senior market analyst at the Financial Industry Regulatory Authority (Finra), highlighted a $200,000 fine levied by Finra against H&R Block Financial Advisors in February, after one of its brokers convinced a retired
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