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The problem with this RM industry is they may tell you higher risk. What do you mean higher risk ? And what we mean by conflict of interests. Want to protect we need to do it properly. Don't propose half Sh**.
They need to state
1. You have XX% (or Range) chance to lose all capitals.
2. they need to warn customer against invest in such high risk products. like health warning in cigar.
3. there are required to offer same time of different safer alternatives investments required at different return scale else cannot offer higher risk products
4. they are not allowed to said is industry norm in risk or safety etc
5. all must be video recorded
6. Customer can only sign after a week of thoughts
breaking this 6 they may subject to steep fines and termination, and can be private sue by customers for compensation including management levels.
Cory
They need to state
1. You have XX% (or Range) chance to lose all capitals.
2. they need to warn customer against invest in such high risk products. like health warning in cigar.
3. there are required to offer same time of different safer alternatives investments required at different return scale else cannot offer higher risk products
4. they are not allowed to said is industry norm in risk or safety etc
5. all must be video recorded
6. Customer can only sign after a week of thoughts
breaking this 6 they may subject to steep fines and termination, and can be private sue by customers for compensation including management levels.
Cory