Tag: Mis-selling
South Korea Market Review, September 2019: confidence rattled by mis-selling scandal
Asia Pacific | Market Reviews
19 Nov 2019 by Lachezara Tsenova & Marc Wolterink
Issuance in South Korea decreased by seven percent in September, compared to the previous month, with 1,098 products launched in the retail segment.
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11 years on, Lehman’s fall still casts a shadow in the market
Europe | Regulations & Legal
14 Nov 2019 by Pablo Conde
Spain’s Bankinter ordered to compensate investors for disclosure shortcoming in products backed by Lehman Brothers.
US regulator charges hedge fund using ‘almost exclusively’ structured notes
North America | Regulations & Legal
07 Nov 2019 by SRP News
The Securities and Exchange Commission (SEC) has charged with fraud a hedge fund adviser and top executives at the firm.
DLS are fraudulent, says Korean democratic party
Asia Pacific | Regulations & Legal
22 Oct 2019 by Jihye Hwang
A South Korean lawmaker has called derivative-linked securities (DLS) ‘fraudulent,’ while urging the regulator to set out improved guidelines to regulate sales as well as the manufacturing of risky products sold to retail investors.
Korea’s Woori Bank halt sales of structured products
Asia Pacific | Products
16 Oct 2019 by Jihye Hwang
South Korean bank has announced plans to overhaul its asset management business, and pledged to compensate its customers according to the local regulators' mediation decision on the mis-selling scandal of rate-linked products
View from the top: South Korea needs a wider variety of products
Asia Pacific | Features
14 Oct 2019 by Jihye Hwang
As the South Korean structured products market gets to grips with the recent mis-selling scandal that could result on regulatory restrictions on the sales of complex products by banks, SRP takes a look on the current landscape of the market with Geunhyuk Jang (pictured), research fellow at Korea Capital Market Institute.
SK regulator blames domestic banks for DLS debacle
Asia Pacific | Regulations & Legal
03 Oct 2019 by Jihye Hwang
The interim findings of an investigation into misselling allegations of rate-linked structured products have confirmed improper advice, according to the South Korean regulator.
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.
Credit Suisse in the clear, Vix claims dismissed
International | Industry
30 Sep 2019 by Pablo Conde
The Swiss bank has defeated three lawsuits over products linked to the CBOE Volatility Index the US market following the volatility swings of early 2018 which hit short/inverse Vix investors.
