Mexico's securities regulator CNBV has fined ScotiaBank brokerage firm Grupo Financiero Scotiabank Inverlat MXN10.34m ($860,000) for 'improper conduct' during the sale of structured products. The regulator is investigating the advice on and sales of investment products at a number of other brokerage firms and further sanctions may follow. Grupo Financiero Scotiabank was found to have recommended structured products that did not fit clients' investment profiles. In some instances, the firm gav
