The Financial Industry Regulatory Authority (FINRA) just released its watch list for 2013, highlighting its top 10 products and regulatory areas that will be priorities during its exam schedule this year.
FINRA notes that retail investors have been challenged to find attractive returns within their risk tolerance, while increasingly shifting funds from equity to debt markets. "Investor appetite for yield, among other factors, has bid up market prices on investment-grade and high-yield debt, putting pressure on upside growth potential and creating significant downside risks,"it said in a statement.
In this environment, FINRA says that it is particularly concerned about "sales practice abuses, yield-chasing behaviors and the potential impact of any market correction, external stress event or market dislocation on market prices."
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