Private Placements: Seller Beware

1/1/2010

As broker/dealers continue to expand their inventories of products and look for new sources of revenues, they have increasingly turned to offerings of private placements. As sales of these products to retail investors have increased, so has the incidence of sales practice abuses. Not surprisingly, this trend has captured the attention of FINRA and the claimant’s bar who have likewise increased their focus on these products….

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