Australian regulator blasts potentially misleading marketing documents
Asic has criticised one provider and four distributors for poor marketing material
Distributor Instreet Investment and four banks in Australia have changed their marketing materials for retail structured products after the Australian Securities and Investments Commission (Asic) called them "potentially misleading".
Along with Instreet, the Commonwealth Bank of Australia (CBA), Credit Suisse, HSBC and UBS have all dropped wording from their marketing documents that suggested certain structured products were low risk or provided "conditional" capital protection. Instreet, which
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