This blog post continues our expert analysis of complex investments and their regulation.
Finra has delineated a number of products to focus on regarding sales to senior investors. (NTM 07-43) Some of these include:
- Any products with withdrawal penalties, including: Variable Annuities, Variable Life Settlements, Equity Indexed Annuities, REITs, and Limited Partnerships;
- Complex Structured Products
- Home Equity Lines of Credit
- Early Retirement (Rule 72T Withdrawals)
Compliance officers and supervisors should take note of these as the Baby Boom generation moves into the senior investor category.