UK regulator takes action to end unsuitable advice to investors
The UK Financial Services Authority (FSA) has released an action document aimed at investors “who received unsuitable advice or misleading promotional material when they bought a Lehman-backed structured product”. It includes measures to address issues in the wider structured products market.
The FSA cited failings in the provision of advice on Lehman-backed products in most of the firms sampled, “as well as serious deficiencies in the marketing literature provided by a number of the plan
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