Sellers of financial products had better be careful about what they sell and how they sell to aging baby boomers.
Mary Schapiro, chairman of the National Association of Securities Dealers, Washington, delivered that message in Boca Raton, Fla., at the launch meeting of the Securities and Financial Markets Association, New York, a new group created by the merger of the Securities Industry Association and the Bond Market Association.
NASD officials see the aging of the baby boomers as a looming compliance problem, Schapiro said, according to a written version of her remarks.