Tag: Suitability
US watchdog reminds industry of regulatory obligations
North America | Regulations & Legal
29 Mar 2022 by SRP News
Finra has launched a consultation related to the sale of complex products and options in light of continued concerns and increased activity.
Mifid 2: Esma sets out appropriateness, execution-only requirements for investor protection
Europe | Regulations & Legal
11 Jan 2022 by SRP News
The European Securities and Markets Authority (Esma) has published its final guidelines on certain aspects of the Mifid 2 appropriateness and execution-only requirements in relation to investment products and investment services that go beyond investment advice, portfolio management and the sale of structured deposits.
US regulation: Libor hiccups, product complexity, and post-Covid tensions
North America | Features
29 Sep 2021 by Lavanya Nair
In the second part to the feature with Chris Schell, partner at law firm Davis, Polk, and Wardwell, Schell discusses current and pressing trends along with key issues around which the US regulatory environment is constantly evolving.
UBS fined for VIX ETN mis-selling
North America | Regulations & Legal
19 Jul 2021 by SRP News
The Swiss bank has settled charges related to investments in a ‘complex’ exchange-traded product (ETP).
Indian regulator to introduce ‘accredited investors’ to support structured products
Asia Pacific | Regulations & Legal
01 Mar 2021 by Summer Wang
Sebi is seeking to introduce the concept of ‘accredited investors (AIs)’, which will bolster the issuance and innovation of structured products through a light regulatory framework.
Swedish regulator sounds alarm on advice as it suspends provider
Europe | Regulations & Legal
27 Aug 2020 by Pablo Conde
Sweden’s Finansinspektion (FI) has withdrawn the authorisation of securities firm Exceed Capital Sverige AB. According to FI’s decision, Exceed will be suspended and may no longer conduct regulated business as of 2 September.
UBS fights back ETN arbitration claim
North America | Regulations & Legal
14 Jul 2020 by Lavanya Nair & Pablo Conde
UBS Financial Services has filed a complaint with a US court in an effort to block a securities fraud arbitration claim brought forward by an investor as he is not a UBS customer.
Morgan Stanley slapped with arbitration claim
North America | Regulations & Legal
04 Jun 2020 by Lavanya Nair & Pablo Conde
A Finra arbitration claim has been filed against US financial institution Morgan Stanley after one of its agents made unsuitable investment recommendations to an inexperienced investor.
HK regulators target bond, structured product distributors
Asia Pacific | Products
26 May 2020 by SRP News
The thematic review seeks to establish disclosure and other practices as Hong Kong regulators align their framework with the Singapore market.
