By Oren Bossin and Megan Garufi
As more baby boomers are reaching retirement age in an environment where conservative investments are earning historically low yields, a new report has been released providing further guidance for the upcoming year. The focus? Whether broker-dealers are recommending or offering other riskier investment choices that could provide higher yields.
The National Senior Investor Initiative Report comes on the heels of a January release of examination priorities from the SEC. This new report – a collaboration between the SEC and FINRA – outlines the risks and regulatory requirements associated with the upcoming examination focus, as well as findings from its most recent examinations.
Here are some highlights from the report:
The full report can be found here.