Tag: Suitability
US watchdog to probe impact of Covid-19 crisis on structured products performance
North America | Regulations & Legal
18 May 2020 by Pablo Conde
Like many other regulatory agencies during the last two months, the US Securities and Exchange Commission (SEC) has shifted its focus to rooting out fraud and misconduct related to the Covid-19 pandemic crisis, but investor protection and structure products remain at the top of the regulators agenda.
Wells Fargo sanctioned for unsuitable advice by SEC
North America | Regulations & Legal
02 Mar 2020 by Lavanya Nair & Pablo Conde
The US firm has been found guilty by the country’s securities regulator of recommending single-inverse tracker funds without adequate suitability checks.
Guest contributor: structured products can help in uncertain times
Europe | Industry
15 Oct 2019 by Zak de Mariveles
Ten years on since the financial crisis, the chairman of the UK Structured Products Association (UK SPA) Zak de Mariveles (pictured) looks at the lessons learned, how investor behaviour has changed, and how the structured products market in particular has evolved, and can offer compelling solutions in today's uncertain markets.
US regulators clamp down on unsuitable sales, structured note fraud
North America | Regulations & Legal
02 Oct 2019 by SRP News
The US Financial Industry Regulatory Authority (Finra) and the Securities & Exchange Commission (SEC) have charged and fined a securities brokerage and a hedge fund for inadequate use of structured notes.
International regulator warns of ‘inconsistent’ suitability approaches
International | Regulations & Legal
26 Sep 2019 by SRP News
Iosco has found that definitions of complexity appear to correlate to levels of market development, which, in turn, appear to correlate to robustness of suitability frameworks across jurisdictions.
EBA: Manufacturers failing to meet investor needs
Europe | Regulations & Legal
09 Jul 2019 by SRP News
European regulator spells out product governance shortcomings, points the minority of manufacturers commercial interests are taking preference over customers’ needs
Citi ordered to redress investors for mis-selling complex products
Asia Pacific | Regulations & Legal
15 Apr 2019 by SRP News
The US bank has to report to the Australian regulator once the redress process is complete by September 2019
Aussie watchdog hails new product intervention powers
Asia Pacific | Regulations & Legal
09 Apr 2019 by Pablo Conde
The Australian regulator says the new rules will bring further accountability to the market and protect financial services consumers
International regulator releases guidance to improve retail investor protection
International | Regulations & Legal
08 Apr 2019 by Pablo Conde
Iosco releases report on behavioural insights seeking to enhance retail investor protection
