Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Sunday, April 11, 2010

FINRA Warns About Misleading Disclosure in Bond Funds

FINRA reportedly has sent letters to broker-dealer affiliates of bond funds that it is getting tough on the use of weighted-average bond ratings that have not been assessed by credit rating agencies and called the practice misleading.  The notices may be a consequence of the Morgan Keegan enforcement proceedings brought by FINRA, the SEC and several states, alleging that the firm mispriced its bond funds.  InvNews, Finra cracks down on credit disclosure

Other Regulatory Action | Permalink

TrackBack URL for this entry:

Listed below are links to weblogs that reference FINRA Warns About Misleading Disclosure in Bond Funds:


Post a comment