'Media misinformation' is harming US structured products industry
A torrent of misinformation printed by the media and calls from plaintiff law firms for investors to bring claims is damaging the industry, according to structured product bankers and lawyers
The US media's constant attacks on and misinformation about structured products is the biggest challenge for the business, say industry participants. Law firms looking to bring class actions involving structured products and regulator scrutiny adds fuel to the fire and makes marketing more difficult, they say.
"It is this little vicious circle of the plaintiff firms and the media together creating reputational damage," says one capital markets lawyer at New-York based law firm.
"These are more
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