Struc prods providers accused of 'marginal' changes following Lehman collapse

The regulator has warned structured product providers to review their product literature after finding widespread failings in the industry. Following the collapse of Lehman Brothers last year, the FSA launched a review into sales of structured products backed by the US investment bank, as well as the wider market. The FSA reviewed promotional material from before and after the collapse of Lehman Brothers, and found improvements in marketing were minimal, despite the devastating effects the events of September 2008 had for some investors. While firms had improved their explanation a...