The descriptions of the products should be simplified & clearly specific. The issuers/brokers should be held strictly accountable for deviation from stated goal.
There should be strict limits on fees which diminish or go to 0 at certain at certain loss levels.
The underwriters, sponsors, managers, dealers etc., should be required to own certain percentages of the product.
Gary Robson Comment On Regulatory Notice 22-08
The descriptions of the products should be simplified & clearly specific. The issuers/brokers should be held strictly accountable for deviation from stated goal.
There should be strict limits on fees which diminish or go to 0 at certain at certain loss levels.
The underwriters, sponsors, managers, dealers etc., should be required to own certain percentages of the product.