"SEC Considers Allowing Brokers to Guarantee Future Performance on Wall Street"

The Wall Street watchdog has proposed a plan that would allow brokers to make promises about future investment results, a move that has raised concerns about potential investor harm. The plan, put forth by the Financial Industry Regulatory Authority (FINRA), would permit brokers to use projections and hypothetical illustrations to demonstrate how an investment could perform in the future. Critics argue that such promises could mislead investors and create unrealistic expectations, potentially leading to financial losses.