New York Times reached out to Kevin on the issue of suitability for investors when they use Securities Backed Loans (SBL). Kevin adds suitability is higher for those in an SBL but, more importantly, we see other areas of concern such as Structured Notes, Bond ETF’s and mutual funds, as well as advisors not being held accountable for SBL’s and performance to cover the cost of the loan.
Read the article here: Red Flag for Brokers