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

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 Envi

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