16 Oct 2024
US regulator fines broker-dealer for mis-selling structured notes
Stifel ordered to pay US$14.2m in Finra arbitration over failure to supervise recommendations of structured note investments.
26 Sep 2024
SRP Americas 2024: 'complex products' definition still pending
The late afternoon session of the Mayer Brown masterclass at SRP Americas 2024 was led by counsel Brad Berman and partner Steffen Hemmerich – they discussed regulatory and compliance issues related to structured products, index providers, distributors and social media.
21 Jun 2023
US SEC ramps up conduct expectations for broker-dealers
In April 2023, the US Securities and Exchange Commission (SEC) published a Staff Bulletin entitled “Standards of Conduct for Broker-Dealers and Investment Advisers Care Obligations”.
21 Jun 2023
US SEC ramps up conduct expectations for broker-dealers
In April 2023, the US Securities and Exchange Commission (SEC) published a Staff Bulletin entitled “Standards of Conduct for Broker-Dealers and Investment Advisers Care Obligations”.
14 Feb 2023
Mayer Brown: regulatory focus, a reflection of the market growth
As the US retail structured products market continues to grow regulators have turned their attention to complex products and disclosures.
04 Oct 2022
SRP Americas 2022: lack of ESG regulation will impact indexing
Rick Redding, CEO of the Index Industry Association (IIA), shared the most recent developments in the indexing space and his views about the challenges index providers face as new ESG (climate disclosure) and retail investors (complex products) come into force.
29 Sep 2022
US congress questions Finra’s ‘complex product’ regulation
The regulator must provide evidence that current regulations are insufficient; the impact proposed changes would have on retail investors; and whether it is coordinating its effort with the SEC, which has also raised concerns about the retail sale of complex investment products.
01 Sep 2022
UBS to pay US$25m to settle SEC charges, investors seek further compensation
The Swiss bank faces claims of alleged unsuitable sales and misrepresentations from a US broker dealer affiliate.
03 Aug 2022
US regulator fines broker dealer for fraudulent structured product sales
The US Securities and Exchange Commission (SEC) has fined New York-based Aegis Capital Corp. US$2.3 million for failing to prevent 14 of its brokers from fraudulently selling unsuitable structured products to investors that included retired elderly clients who lost up to hundreds of thousands.
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30 May 2022
SRP in brief: growing up
In the week that saw HSBC Private Banking’s Lavanya Chari become SRP Apac 2022’s personality of the year, we also saw an increase in M&A activity in the structured product space.
26 Apr 2022
Ireland’s CBI demands industry action on complex structured products
The Irish regulator is asking investment firms to take action as the market is shifting towards increasingly complex structured products.
29 Mar 2022
US watchdog reminds industry of regulatory obligations
Finra has launched a consultation related to the sale of complex products and options in light of continued concerns and increased activity.