With some exceptions, Reg BI scrutiny will be included in broader firm examinations rather than a sole focus of inquiry, according to one FINRA representative.
A consortium of the biggest ETF providers -- BlackRock, State Street, Vanguard, Schwab, Fidelity and Invesco -- are pushing to reclassify funds into four separate categories, a move that could cause a host of products to lose their ETF designation.
