FINRA recently announced that it had fined Ferris, Baker Watts LLC for inadequate supervision of sales of reverse convertible notes to retail customers. FINRA continues to scrutinize the appropriateness of sales of reverse convertibles to retail investors. In its statement, FINRA noted that Ferris, Baker Watts had inadequate written procedures relating to sales of these products. Broker-dealers are reminded to review their internal procedures relating to assessing suitability, as well as their procedures for assessing portfolio concentrations. Training of sales force in connection with structured product sales also should remain top of mind.