NASD issues structured products guidelines
WASHINGTON, DC – Concerns over the mis-selling of structured products to investors in the US have prompted the National Association of Securities Dealers (NASD) to issue guidelines to ensure members fall within the scope of sales practice codes.
The guidelines target dealers selling structured products linked to either currency, a single security, a basket of securities, an index, commodites or debt.
"This guidance is intended to advise firms about how they might make sure they are not in danger of violating the sales practices because of some confusion, perhaps about how to treat these products," says a spokesperson for the private
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