Tag: Mis-selling
Korean watchdog slams sellers of HSCEI-linked ELS and sets up compensation plan
Asia Pacific | Regulations & Legal
11 Mar 2024 by Jocelyn Yang
The FSS' latest investigation revealed that losses from HSCEI-linked ELS this year could reach KRW 5.8 trillion (US$4.4 billion).
Korea’s regulator slams banks over HSCEI-linked ELS misselling
Asia Pacific | Regulations & Legal
01 Dec 2023 by Jocelyn Yang
The head of the Korean financial watchdog has questioned whether the principle of suitability was properly observed by banks, considering that a large amount of ELS products was sold mostly to senior citizens at a particular period of time.
Latest: iCapital onboards advisers in US, Australia
International | Products
24 Oct 2023 by SRP News
The US alternative investment platform has added two new clients to help manage and scale private equity and hedge fund investments.
Japan watchdog seeks penalty for structured bond mis-selling
Asia Pacific | Regulations & Legal
12 Jun 2023 by Summer Wang
A Japanese government body is urging regulators to punish Chibagin Securities for its alleged mis-selling of structured bonds involving two regional banks.
Litigation: NY court dismisses leverage ETN case against Credit Suisse
North America | Regulations & Legal
19 Apr 2023 by SRP News
Claims that the Swiss bank caused retail investors significant losses when it chose to de-list its ETN have been rejected.
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.