Regulators Target 'High Risk' Brokers

``"A small number of brokers have a pattern of complaints or disclosures for sales practice abuses and could harm investors as well as the reputation of the securities industry and financial markets," FINRA states in a just-issued statement of enforcement priorities for the coming year. "Early last year, FINRA launched the High Risk Broker initiative to identify such individuals and expedite investigations. In 2014, FINRA will expand the High Risk Broker program and create a dedicated Enforcement team to prosecute such cases."... The oversight agency is also taking a hard look at the sale of "complex" investment products. FINRA is particularly wary of firms that offer registered reps incentives for the sale of such products.''