WealthManagement.com Quotes Mark Knoll on New Areas of Focus for FINRA in 2018

Principal Mark Knoll is quoted in the WealthManagement.com article “FINRA Cracks Down on Cryptos, Securities-Backed Lines of Credit” by Diana Britton. The article discusses some of FINRA’s new areas of focus for 2018, including cryptocurrencies, securities-backed lines of credit and business continuity.

“As with any new asset class, for lack of a better word, especially one that tends to rise in value without really any basis, it makes sense for FINRA just to shoot a warning shot across the bow of firms to say, ‘Look, to the extent you’re going to be involved in any of this sort of stuff, pay attention, make sure you understand what it is you’re involved in, make sure you understand what your customer’s objectives [are] when they’re getting involved in these things, and understand that we’ll be looking at it,’” said Mark Knoll.

To read the entire article on the WealthManagement.com website, click here