ASIC Warns Issuers On Complex Structured Product Marketing

04 Dec 2013

Australia’s financial services firms are not adequately investigating their client’s personal circumstances before recommending complex capital protected structured products, therefore not meeting guidance set under recent regulatory reforms, according to the Australian Securities and Investments Commission.

Australia’s financial services firms are not adequately investigating their client’s personal circumstances before recommending complex capital protected structured products, therefore not meeting guidance set under recent regulatory reforms, according to the Australian Securities and Investments Commission.

Peter Kell, deputy chairman at ASIC in Canberra, warned the industry against ...

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