The Financial Conduct Authority (FCA) has fined Credit Suisse International (CSI) £2.4m and Yorkshire Building Society more than £1.4m for giving undue prominence to a structured product's near-unattainable potential return.
Both companies failed to ensure their promotions for CSI's Cliquet Product, which attracted almost £800m worth of investment, were clear, fair and not misleading. The promotions focused on the product's...
Kept details private
More than 4,500 retail investors affected
Ahead of December deadline
Advisers should reconsider process
In preparation for December deadline
For 2022 Winter Olympics
30 years experience
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