FINRA: Clients must be warned about volatile interest rates

11/14/2013 | Financial-Planning.com

Financial firms and advisors need to prepare clients for the potential consequences of volatile and rising interest rates, said Richard Ketchum, CEO of the Financial Industry Regulatory Authority. Investors who own or are interested in buying large concentrations of long-duration, high-yield fixed-income products must be made aware of what happens if interest rates rise and bond prices fall, he said.

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