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...
PIMFA Virtual Fest
Upcoming regulatory work
Jump in phishing and 'smishing' tactics reported
£624,311 of assets frozen
'Received interest from 100 firms'
Achieved Chartered status
'Until absolutely safe'
Consults to address 'structural mismatch'