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...
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