Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

FSA widens structured products probe

Source: Reuters - Tue 27th Oct 2009

The nation's Financial Services Authority widened a probe into aggressive selling of structured products, urging all big providers to examine their practices and pay compensation where needed.

The FSA also referred three advice firms that had sold structured products backed by failed investment bank Lehman Brothers to enforcement, it said Tuesday.

"The FSA found significant advice failings on Lehman-backed products in most of the financial advice firms sampled, as well as serious deficiencies in the marketing literature" the regulator said in a statement.

Comment on this Story

Be the first to comment on this Story !!

Recommended Items