Finra rejects ‘more than half’ of structured product adverts

‘Blast emails’ to retail investors a major offender under Rule 2210

finra-new-york-2009
Financial Industry Regulatory Authority headquarters

Financial Industry Regulatory Authority (Finra) staff warned brokers in more than 50% of cases not to use sales materials related to structured products that failed to comply with new communications rules, said Thomas Selman, executive vice-president for regulatory policy at Finra, speaking at a conference last week.

More than half of sales materials related to structured products have earned a "do not use" warning from Finra staff in the past 14 months, while 75% merited comments for perceived

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