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From: "NYSSA SmartBrief" <nyssa@smartbrief.com>
Date: Mon, 19 May 2014 06:59:54 -0500 (CDT)
To: <mainandwall@aol.com>
Subject: FINRA cracks down on marketing for structured products
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FINRA cracks down on marketing for structured products The Financial Industry Regulatory Authority is concerned about brokers' marketing, particularly e-mails, pertaining to structured products. "There is no way that I or anybody else with an average understanding of financial products can understand how these things work or their risks from reading one of these e-mails," said Thomas Selman, executive vice president for regulatory policy. Risk.net (subscription required) (5/16)  | Take your company to the next level with SBA loans
From financing for growth and expansion, to loans for working capital, inventory, or refinancing debt, the Small Business Administration (SBA) offers a wide range of specialized programs to help established businesses grow. To learn more, download our guide to SBA loans. |
 | Mutual funds, hedge funds might sue if deemed SIFIs Regulators should anticipate legal challenges if they decide to designate mutual funds and hedge funds as systemically important financial institutions, experts say. "It puts firms running funds designated as SIFIs in a very difficult position and creates an uneven playing field for these asset managers and their clients," said Kenneth Willman, chief legal officer at Russell Investments. Risk.net (subscription required) (5/16) FINRA keeps brokers guessing about bond-trade commissions The Financial Industry Regulatory Authority is keeping a close eye on the commissions that brokers charge for bond trades but won't divulge the exact percentages that are considered acceptable. Bond traders worry that their actions could bring retroactive punishment. "The thing that's frustrating to me is that they have a number and they won't tell you what the number is," says W. Hardy Callcott, a securities lawyer at Sidley Austin in San Francisco. Bloomberg (5/16) Impact investing gains popularity Clients are increasingly enthusiastic about impact investing, which seeks to support personal values while delivering high returns. In a survey of 125 impact investors by J.P. Morgan Securities and the Global Impact Investing Network, 91% of respondents say their investments meet or exceed expectations. InvestmentNews (free registration) (5/18)  | Is Your Small Business Using Social Media?
Three in five business owners expect to spend the same or more time on social advertising in the coming year. Social media continues to be a valuable resource for small businesses looking to drive sales, increase brand awareness and reach new customers. Download your free white paper, Going Global: Social Media Marketing for Small Businesses, and learn why it is important to be strategic in choosing your social media platforms. |
 | FHFA's Watt says his responsibility is to taxpayers Melvin Watt, director of the Federal Housing Finance Agency, says his responsibility is to taxpayers, not shareholders of Fannie Mae and Freddie Mac. Fairholme Capital Management, Perry Capital and other investors have encouraged the U.S. to return Fannie and Freddie to private ownership and challenged the requirement that all of the mortgage giants' profit be sent to the government. Bloomberg (5/16) | Deutsche Bank plans currency-hedged ETF focused on Italy Deutsche Asset & Wealth Management has filed a registration statement with the Securities and Exchange Commission for an exchange-traded fund that would provide exposure to Italian equities, as well as protection against exchange-rate risk. The db X-trackers MSCI Italy Hedged Equity Fund would attempt to replicate the performance of the MSCI Italy 25/50 US Dollar Hedged Index. ETF Trends (5/16)  | 24th Annual High Yield Bond Conference NYSSA's Annual High Yield Bond Conference will give you a unique perspective on the dynamics and future direction of the high yield market. No other high yield conference covers the market in as much depth or from so many different angles. Click here to learn more. | |  | What we think, or what we know, or what we believe is, in the end, of little consequence. The only consequence is what we do." -- John Ruskin, British art critic, writer and philanthropist | | | Please contact one of our specialists for advertising opportunities, editorial inquiries, job placements, or any other questions.
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