Editorial comment: Questioning report ‘findings’

“Equity-linked notes are a type of structured product issued by brokerage firms and traded in the secondary markets like shares of common stock,” the report notes. “Once sold only to sophisticated investors, structured products are increasingly being sold to unsophisticated retail investors. Equity-linked notes are difficult to evaluate and monitor, have high hidden costs and are illiquid. They are therefore virtually never suitable for unsophisticated investors.”

Using three examples of act

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