Tag: Mis-selling
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.
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.