Tag: Mis-selling
SRP China: risk first approach can help to build a solid wealth management business
Asia Pacific | Conferences
26 Sep 2019 by SRP News
Leading global innovators deconstructed the development of the structured products market overseas and the strategies that can be implemented in China to facilitate growth, during the SRP China Conference 2019 on September 18 in Shanghai.
US regulator pays out US$3m to advisers that sounded alarm on Baml notes
North America | Regulations & Legal
24 Jun 2019 by Pablo Conde
Two former Merrill Lynch advisers alleged the US bank made misleading statements in offering materials provided to retail investors in structured notes linked to a proprietary index.
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
SFC fines Bank of China over internal system and control failures
Asia Pacific | Regulations & Legal
18 Mar 2019 by Pablo Conde
Hong Kong regulator reprimands and orders BOCI Securities Limited to pay HK$10 million (US$1.3 million) for regulatory breaches in selling investment products
Spain’s Banco Sabadell ordered to redress investor for ‘unsuitable’ sales
Europe | Regulations & Legal
26 Nov 2018 by SRP News
Section 14 of the Provincial Court of Madrid has declared void a structured deposit sold by Banco Sabadell to retail investors. The ruling confirms a previous decision by the Court no. 51 of Madrid of January 29, 2018, in which the bank was ordered to redress the investor with the capital invested plus any interest accrued over the life of the product.
Steepeners in the spotlight
North America | Regulations & Legal
19 Nov 2018 by SRP News
Structured notes linked to the Constant Maturity Swap (CMS) rate under investigation after being sold as fixed income products and beyond investor’s life expectancy.
UK court ratifies decision to fine and ban former structured products executives
Europe | Industry
07 Nov 2018 by SRP News
A UK court has ruled in support of fines meted out to Stewart Ford and Mark Owen, the leading lights in the Keydata scandal.
