FINRA reviews nontraded business-development companies

02/13/2012 | InvestmentNews (free registration)

The Financial Industry Regulatory Authority is expected to issue an investor alert about nontraded business-development companies, a rapidly growing type of alternative investment. "We are looking at a number of new products being sold to investors, and BDCs are one of them," said Nancy Condon, a spokeswoman for FINRA. "Firms need to do the necessary due diligence and consider whether they are suitable for a particular investor."

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