Tag: Mis-selling
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).
US regulator slaps fine on Merrill Lynch for ETN shortcomings
North America | Regulations & Legal
13 Apr 2021 by Lavanya Nair
The Financial Industry Regulatory Authority (Finra) has ordered wirehouse Merrill Lynch to pay fines and refunds regarding product supervision sales.
SK DLS market drops after mis-selling scandal
Asia Pacific | Regulations & Legal
16 Feb 2021 by Summer Wang
The balance of derivatives-linked securities (DLS) in South Korea, which are not principal-protected, plunged to KRW12.7 trillion (US$10 billion) as at the end of June 2020 from its record high of KRW18.4 trillion a year prior as a result of the mis-selling crisis.
US watchdog slaps charges on advisory firms after ETP sales probe
North America | Regulations & Legal
16 Nov 2020 by Lavanya Nair
The US Securities and Exchange Commission (SEC) has charged three investment advisory firms along with two dual registered broker-dealers and advisories with violations concerning the sales of complex exchange-traded products (ETPs) to retail investors.
South Korea Market Review, January 2020: high-risk products return slowly
Asia Pacific | Market Reviews
12 Mar 2020 by Lachezara Tsenova
Some 1,259 products were issued in the retail segment in January, a 19% decrease compared to December.
.png)
Misselling: FSC set to lower penalties on Woori, Hana
International | Regulations & Legal
17 Feb 2020 by SRP News
SK watchdog fine-tunes new rules for ‘high-risk’ investment products
Asia Pacific | Regulations & Legal
12 Dec 2019 by Pablo Conde
The Financial Services Commission (FSC) has released new guidelines to strengthen investor protection with high-risk investment products.
Strategic indices in scope as new ELS/DLS guidelines take effect
Asia Pacific | Industry
05 Dec 2019 by SRP News
Despite the recent controversy around equity-linked securities (ELS) and derivative-linked securities (DLS), ELS/ equity-linked bond (ELB) issuances will hit KRW89 trillion in 2019 and KRW91 trillion in 2020, while DLS/derivative-linked bonds (DLB) issuances will reach KRW26 trillion in 2019 and KRW27 trillion, respectively, in 2020, according to Samsung Securities.
South Korea Market Review, October 2019: market stabilisation in progress
Asia Pacific | Market Reviews
29 Nov 2019 by Lachezara Tsenova
Product issuance increased by less than two percent in October, compared to the previous month, with 1,332 products issued in the retail segment. Sales volumes, at KRW7.17 trillion (US$6.19 billion) were up six percent from September.
