| FINRA.org

Smarsh Comment On Regulatory Notice 26-14

Tiffany Magri – [REDACTED], Principal Regulatory Compliance Advisor

Robert A. Cruz, VP, Information Governance

Smarsh, Inc.

FINRA Regulatory Notice 26-14 – Comments Regarding Communications with the Public

To the Office of the Corporate Secretary,

We appreciate the opportunity to comment on FINRA’s proposed amendments to Rule 2210. Two points frame our comments: first, the rule should remain technology-agnostic; second, it needs additional clarity on communications with the public that use artificial intelligence (AI).

2023077597702 Colorado Financial Service Corporation CRD 104343 AWC lp.pdf

Closed-end funds (CEFs) offer investment advantages such as access to specialized or illiquid assets. They may, however, present unique risks based on their complexity, illiquidity, leverage, and/or investment in speculative assets. From March 2021 to at least February 2023, Colorado Financial failed to reasonably supervise and have reasonably designed policies and procedures regarding recommendations to purchase CEFs investing in high-yield, below-investment-grade debt securities, some of which were leveraged and all of which were inconsistent with customers’ investment profiles.
Subscribe to