The $13.5 million AdvisorShares New Tech and Media ETF, known by its ticker FNG, bought 3,100 shares of Beyond Meat Inc.
Although most broker/dealers have policies and procedures in place to address these products, firms need to improve the suitability review and add more controls around holding periods, NASAA says.
The San Mateo, California-based asset manager wants to start a new exchange-traded fund that will invest in equities, debt, commodities and currencies -- rather than allocating to one asset class.
These ETFs saw the most activity over the past 30 days.
BP Capital Fund Advisors LLC plans to revamp an oil-focused exchange-traded fund with a shift to renewables in mid-August.
These asset classes are attracting scrutiny.