Old Mutual Int’l to sue over structured product commission
Old Mutual International is taking legal action against Swiss-headquartered Leonteq Securities relating to false statements about the levels of commission paid to advisers on structured products, International Adviser can reveal.
Offshore structured product research service unveiled
UK-based structured product specialist FVC has launched an offshore version of its Structured Edge research service, which is free for financial advisers to access.
IDAD on why investors should take a fresh look at structured notes
Structured products should have a place in any investor’s modern portfolio, especially where pension transfers are concerned, explains Graeme McCallion, Africa sales manager of iDAD.
HSBC fined record HK$400m for Lehman Brothers-related failures
A Hong Kong tribunal has upheld disciplinary action taken against the local branch of HSBC Group’s Swiss private banking business for “material systemic failures” in relation to the sale of structured products, including from Lehman Brothers, in the run up to the global financial crisis.