Financial institutions have beefed up efforts to ensure that their brokerage employees inform customers about investment risk, according to a study by American Brokerage Consultants Inc.

Between 1994 and 1996, the proportion of financial institutions that hired mystery shoppers to monitor compliance more than doubled, jumping from 18% to 47%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.