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Firms charged for deficiencies tied to transactions involving non-traditional ETFs and other non-traditional exchange-traded products
Firm and President/CCO failed to implement P&Ps to ensure it understood the material features and risks of complex products
Financial Services' Republicans see 'a backdoor accredited investor standard'
IA acted contrary to its client disclosures and internal policies concerning reviewing accounts of clients in wrap program
During the SEC's investigation, Aegis Capital revised its WSPs to prohibit the firm from purchasing VSRPs for retail customers
One in five deficiencies linked to suitability, NASAA says
'A regulator who always says "no" is not serving investors well,' Peirce says.
Frontier Wealth's reps failed to reasonably assess whether investments in a complex product were suitable for clients
Risk tolerance, investment objective, financial condition and age ignored with unsuitable VSRP recommendations
Proceeding in contravention of your own WSPs can prove costly

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