Finra accepting comments on rule change to allow investment-strategy projections
Broker-dealer groups endorse the change, saying it would put them on a level playing field with investment advisers
Mar 8, 2017 @ 1:46 pm
Finra is accepting comments on a proposal that would allow brokers to project the performance of investment strategies in communications with clients.
Under the proposal by the Financial Industry Regulatory Authority Inc., a broker could distribute to clients a hypothetical financial plan that includes projected performance of an asset allocation or strategy but not a prediction of return on an individual stock.
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