U.S. SEC investigating sale of complex securities to mom-and-pop investors -official

April 14, 2015 12:00 PM

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WASHINGTON, April 14 (Reuters) - A top regulator on Tuesday said the U.S. Securities and Exchange Commission will bring more enforcement actions against companies selling complex securities and risky structured products to retail investors.

"An investor's constant quest for the next big thing plays right into the hands of fraudsters, who often use the complexity of new products to hide their schemes," said SEC Democratic Commissioner Luis Aguilar, in prepared remarks for the annual North American Securities Administrators Association c...

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