In January 2017, each of the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) and FINRA issued their broker-dealer exam priorities for 2017. 

Neither regulator specifically mentioned structured products as an area of focus in 2017. However, industry participants need to be mindful of a variety of issues that were raised, and certainly closely relate to challenges faced in the structured products world during the past several years, including FINRA’s suitability requirements (including as to new and complex products), sales to elderly investors, and investment advisors who operate from branch offices.