Tag: Mis-selling
Litigation: FIA lawsuit spotlights prop index backtesting flaws
North America | Regulations & Legal
18 Apr 2023 by SRP News
A group of investors say they were misled by a fixed indexed annuity that fell far short of back-testing promises and returned almost nothing.
Korea Supreme Court revokes DLF sanctions on Woori Bank chair
Asia Pacific | Regulations & Legal
15 Dec 2022 by Summer Wang
Woori Financial Group chairman & CEO Son Tae-seung today has been acquitted of all charges in relation to the DLF mis-selling incident in 2019.
Barclays reports £466m hedging loss from over issuance
International | Industry
03 Nov 2022 by SRP News
The UK bank’s results reflect the financial impact of the over-issuance of structured notes and exchange-traded notes in its Q3 earnings report.
Korea regulator vows to close Heritage DLF inspection by year-end, DLS activity halves
Asia Pacific | Regulations & Legal
11 Oct 2022 by Summer Wang
The Financial Supervisory Service (FSS) plans to conclude the redress to investors involved in the Germany Heritage derivative-linked securities (DLS) case in 2019.
UBS to pay US$25m to settle SEC charges, investors seek further compensation
North America | Regulations & Legal
01 Sep 2022 by SRP News
The Swiss bank faces claims of alleged unsuitable sales and misrepresentations from a US broker dealer affiliate.
Korean court clears Woori chief over DLF sanction
Asia Pacific | Regulations & Legal
06 Sep 2021 by Summer Wang
The bank’s chairman was at the centre of a scandal after an FSS probe in August 2019 found there had been mis-selling of derivative-linked securities (DLS) to retail investors.
Hong Kong regulator fines UBS for structured notes mis-selling
Asia Pacific | Regulations & Legal
03 Aug 2021 by Summer Wang
The Securities and Futures Commission (SFC) has fined UBS AG and UBS Securities Asia HK$9.8m (US$1.3m) and HK$1.75m, respectively, over various regulatory breaches including the mis-selling of 12 structured notes to 15 clients.
South Korea: Cap prot in the limelight as tightened restrictions bite - DLS, DLB
Asia Pacific | Products
27 Jul 2021 by Summer Wang
Structures with full capital protection have become unprecedently popular in five years as regulatory restrictions on risky products take effect and the pandemic hits the markets.
South Korea: Navigating boom and bust – ELS, ELB
Asia Pacific | Products
26 Jul 2021 by Summer Wang
Following the mis-selling incident in the fall of 2019, the South Korean structured product market has experienced an up-and-down as a series of regulations take into effect. SRP here looks at the breakdown by key metrics of ELS and ELB with a five-year frame.
