State securities and insurance regulators are on high alert about several complex investment products that are growing in popularity as retirees search for a higher yield, Investment News reports.
Taking part in a panel discussion on regulatory developments at the Insured Retirement Institute’s Government, Legal and Regulatory conference in Washington on Tuesday, regulators Joseph Borg—director of the Alabama Securities Commission—and Jim Mumford —first deputy insurance commissioner in Iowa —voiced their current regulatory worries. Among them are structured products, non-traded real estate investment trusts and private placements.
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