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Capital Markets

19 November 2019
Lloyd Harmetz FINRA fines broker-dealer for unsuitable sale of complex securities

USA - Morrison & Foerster LLP

The Financial Industry Regulatory Authority recently censured and fined a Florida-based broker-dealer, including for failing to reasonably supervise sales of complex securities such as structured products and leveraged, inverse and inverse-leveraged exchange-traded funds. This case illustrates the need for broker-dealers to establish and enforce proper surveillance systems and written procedures to ensure the suitability of their sale recommendations.

Authors: Lloyd Harmetz, Yiyang Huang, James Schwartz, Jeremy Jennings-Mares
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Recent updates

Lloyd Harmetz NASAA issues report on broker-dealer policies and procedures for leveraged or inverse ETFs

USA - Morrison & Foerster LLP

Authors: Lloyd Harmetz, James Schwartz, Jeremy Jennings-Mares
Masaki Konishi Public consultation on appropriate choice and use of Japanese yen interest rate benchmarks

Japan - Nagashima Ohno & Tsunematsu

Author: Masaki Konishi
Till Spillmann Bond issuers will retain quick access to Swiss debt capital market under new regime

Switzerland - Niederer Kraft Frey

Authors: Till Spillmann, Andrea Giger

Upcoming event

IBA – 6th Annual Corporate Governance Conference

December 5-6 2019 – Frankfurt, Germany

This essential conference will provide you with the opportunity to discuss issues and challenges facing the sector with other leading lawyers, academics and organisations in the fields of corporate governance and regulation. The conference will feature discussions on executive compensation, governance issues with a large investor in a public company, proxy advisory firms and dealing with a global corporate crisis.

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