6e. BD - Recommending Alternative or Complex Products (Intermediate - OPEN)
Alternative or complex products remain a regulatory focus as they may contain complicated features that could affect investment returns and they may present apparent or actual conflicts of interest. This session for Broker-dealers will review the reasonable elements of an effective compliance program for complex products. The panelists will illustrate various types of complex products (e.g. bitcoin ETFs, annuities, non-traded REITs), address sales practice policies such as concentration limits, point-of-sale disclosures, compensation, and other potential conflicts, and review appropriate types of training. Finally, there will be a discussion of best practices for the surveillance and monitoring the sale of complex products.
This session is open to regulators but closed to members of the press.
Learning Objectives:
Learn to classify and identify various alternative and complex products.
Review firm obligations for product due diligence.
Discover how to comply with the Reg-BI care obligation when recommending alternative or complex products.
Discuss best practices for surveillance and monitoring of alternative and complex products.
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