Update: SEC reveals fraud and abuse after Finra warns 'greedy' investors

The US Securities and Exchange Commission has published the results of its latest investigation into the selling of structured products, two days after Finra warned 'greedy' investors to take care

SEC sweeps and reveals

Sales of structured products in the US increased from $33 billion in 2009 to $54 billion in 2010, according to the Financial Industry Regulatory Authority (Finra), which was enough to prompt the regulator to issue a warning to investors chasing yields. Lumping structured products in with high-yield bonds and floating-rate loan funds, Finra published its thoughts on the inherent dangers in an investor alert entitled ‘The Grass Isn't Always Greener – Chasing Return in a Challenging Investment

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