High sales prompt Finra to investigate certificates of deposit

detective-footprints
Finra to examine structured CDs

The US Financial Industry Regulatory Authority (Finra) is to investigate market-linked certificates of deposit (CDs), prompted by huge sales in these products last year, according to reports.

Certificates of deposit that include a derivative to gain exposure to an index are next on the regulatory body's list of products to inspect, according to Maria Rabinovich, a Finra representative speaking at a Structured Products Association event in New York in the first week of February. Rabinovich said p

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