Tag: Mis-selling
US regulator fines broker-dealer for mis-selling structured notes
North America | Regulations & Legal
16 Oct 2024 by SRP News
Stifel ordered to pay US$14.2m in Finra arbitration over failure to supervise recommendations of structured note investments.
Sales of Korean autocalls drop after banks suspend sales in H1 24
Asia Pacific | Industry
30 Sep 2024 by Jocelyn Yang
The outstanding balance of non-principal-protected ELS products falls in the Korean market, while those principal-protected products increase.
Latest: Korean regulators respond to rumours, Structured Alpha managers plead guilty
International | Industry
11 Jun 2024 by Summer Wang
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.
StanChart Korea puts US$100m aside to compensate HSCEI autocall investors
Asia Pacific | Products
20 May 2024 by Jocelyn Yang
The contingency plan comes after the UK bank’s Korea unit sold US$900m worth of autocallable products tracking the HSCEI.
Korean watchdog slams sellers of HSCEI-linked ELS and sets up compensation plan
Asia Pacific | Regulations & Legal
11 Mar 2024 by Jocelyn Yang
The FSS' latest investigation revealed that losses from HSCEI-linked ELS this year could reach KRW 5.8 trillion (US$4.4 billion).
Korea’s regulator slams banks over HSCEI-linked ELS misselling
Asia Pacific | Regulations & Legal
01 Dec 2023 by Jocelyn Yang
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.
Latest: iCapital onboards advisers in US, Australia
International | Products
24 Oct 2023 by SRP News
The US alternative investment platform has added two new clients to help manage and scale private equity and hedge fund investments.
Japan watchdog seeks penalty for structured bond mis-selling
Asia Pacific | Regulations & Legal
12 Jun 2023 by Summer Wang
A Japanese government body is urging regulators to punish Chibagin Securities for its alleged mis-selling of structured bonds involving two regional banks.
Litigation: NY court dismisses leverage ETN case against Credit Suisse
North America | Regulations & Legal
19 Apr 2023 by SRP News
Claims that the Swiss bank caused retail investors significant losses when it chose to de-list its ETN have been rejected.
