NASD Issues Warning on Hedge Fund Sales
- Share via
From Reuters
The NASD, formerly known as the National Assn. of Securities Dealers, warned its members that hedge funds must not be sold to average investors even as demand surges for these loosely regulated funds.
NASD, the securities industry’s self-regulatory agency, said it is concerned that brokerage firms might be putting investors into potentially risky funds without telling them that hedge funds can quickly make or lose a lot of money.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.