Alarmed at a set of conditions that could invite sales abuses and eventually a market correction, the Financial Industry Regulatory Authority has warned that it plans to keep a close eye on the industry and hold advisors accountable to its new suitability rule.
The current market conditions of slow growth and low interest rates have created new vulnerabilities for retail investors, according to FINRA. While those investors chase safer investments, they could actually be exposed to new risks as they shift holdings from equity to debt markets, which FINRA warns could be inflated.
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