27 Jan 2025
HK regulator fines Hang Seng Bank over mis-selling
The HSBC Group member has been fined HK$66.4m (US$8.5m) for misconduct while selling investment products including secondary structured notes over a course of nine years.
28 Nov 2024
Stifel slapped with US$2.3m penalty over structured notes sales
Finra’s penalty is directed to one of the firm’s advisor embroiled in a total of 20 customer disputes.
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.
30 Sep 2024
Sales of Korean autocalls drop after banks suspend sales in H1 24
The outstanding balance of non-principal-protected ELS products falls in the Korean market, while those principal-protected products increase.
11 Jun 2024
Latest: Korean regulators respond to rumours, Structured Alpha manager pleads guilty
In this week’s roundup we look at the ongoing investigation on ELS by Korean regulators; the latest update on the Allianz structured fund fraud case; three structured ETFs made their debut.
20 May 2024
StanChart Korea puts US$100m aside to compensate HSCEI autocall investors
The contingency plan comes after the UK bank’s Korea unit sold US$900m worth of autocallable products tracking the HSCEI.
11 Mar 2024
Korean watchdog slams sellers of HSCEI-linked ELS and sets up compensation plan
The FSS' latest investigation revealed that losses from HSCEI-linked ELS this year could reach KRW 5.8 trillion (US$4.4 billion).
01 Dec 2023
Korea’s regulator slams banks over HSCEI-linked ELS misselling
The head of the Korean financial watchdog has questioned whether the principle of suitability was properly observed by banks, considering that a large amount of ELS products was sold mostly to senior citizens at a particular period of time.
24 Oct 2023
Latest: iCapital onboards advisers in US, Australia
The US alternative investment platform has added two new clients to help manage and scale private equity and hedge fund investments.
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.
19 Apr 2023
Litigation: NY court dismisses leverage ETN case against Credit Suisse
Claims that the Swiss bank caused retail investors significant losses when it chose to de-list its ETN have been rejected.
18 Apr 2023
Litigation: FIA lawsuit spotlights prop index backtesting flaws
A group of investors say they were misled by a fixed indexed annuity that fell far short of back-testing promises and returned almost nothing.