UBS hit with another penalty in Singapore for deceptive trades by its client advisors

Asia Pacific | Regulations & Legal

15 Nov 2019 by SRP News

The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $11.2 million on UBS for Deceptive Trades by its Client Advisors.

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.

UBS to compensate investors after HK watchdog fine

Asia Pacific | Regulations & Legal

11 Nov 2019 by SRP News

The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined UBS HK$400m for overcharging clients, and related internal control failures involving structured notes.

US regulator charges hedge fund using ‘almost exclusively’ structured notes

North America | Regulations & Legal

07 Nov 2019 by Pablo Conde

The Securities and Exchange Commission (SEC) has charged with fraud a hedge fund adviser and top executives at the firm.

Indexed annuities class action has custom indices in line of sight

North America | Regulations & Legal

04 Nov 2019 by Pablo Conde

A complaint class action has been filed against indexed annuities provider Security Benefit which was cleared of any wrongdoing earlier in the summer after another class action against the company was dismissed.

Aussie regulator sues advisor

Asia Pacific | Regulations & Legal

31 Oct 2019 by SRP News

Australian Securities & Investments Commission (Asic) targets former ANZ advisory firm for ‘bad advice’ and ‘cookie cutter’ approach in relation to sale of structured products.

ESAs spell out bond features falling under Priips

Europe | Regulations & Legal

29 Oct 2019 by SRP News

The European regulators are seeking to implement the application of the Priips regulation to bonds in a consistent way.

DDV: new tax rules will make private wealth management more expensive

Europe | Regulations & Legal

28 Oct 2019 by Suzanna Moni

The German Federal Ministry of Finance wants to overturn tax laws that allow investors to recognise losses from bankruptcies of companies or losses through investment products (options, shares, ...) via tax-reductions.

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.