12 Dec 2024
Leonteq to pay US$10m for breaching risk management, suitability obligations
Finma has ordered the structured products provider to halt its existing relationships as well as new business with unregulated distributors.
20 Nov 2024
US broker-dealer to recompense US$2m over XIV ETN sales
Finra has imposed sanctions on a Georgia-based broker-dealer over its mis-selling of XIV, a now-defunct exchange-traded note (ETN) issued by Credit Suisse.
20 Sep 2024
SEC charges broker-dealer with Reg-BI violations
The US regulator found that the advisor's structured note recommendations violated Reg BI’s compliance obligation
18 Sep 2024
US advisor to pay over US$1.5m for unsuitable sales involving ETNs
The US regulator has charged the RIA and its owner for investing clients’ funds in unsuitable equity-linked structured notes
22 Apr 2024
HK regulators slam due diligence flaws in structured product sales
A thematic review carried out by the regulators highlights shortcomings and risk factors in due diligence assessment methodologies for non-exchange traded investment products.
12 Jun 2023
Japan watchdog seeks penalty for structured bond mis-selling
A Japanese government body is urging regulators to punish Chibagin Securities for its alleged mis-selling of structured bonds involving two regional banks.
07 Jun 2023
EU associations sound alarm on new EU retail investment rules
European finance trade associations have voiced ‘multiple concerns’ as many of the measures in the European Commission’s (EC) proposals will have far-reaching consequences.
17 May 2023
Asic calls issuers to improve design, distribution obligations
The Australian Securities and Investments Commission (Asic) is urging investment product issuers to ‘lift their game’ after an initial review found significant room for improvement in how they meet their design and distribution obligations (DDO).
29 Sep 2022
Looking back: a ban that changed almost nothing
The introduction of a commission ban in the Netherlands almost a decade ago took away ‘perverse incentives’ for intermediaries but the real change came with transparency, disclosure and standardisation.
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.
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.
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.