CSA urges action to ensure that KYC and suitability obligations apply to all dealings in PPNs
Many PPNs have converted to bonds to satisfy their guarantees of principal; investors’ return is zilch
Deposit notes linked AGF Elements portfolios
Regulators working with SROs to ensure that KYC and suitability obligations apply to all dealings in PPNs
Principal protected notes linked to Signature Income & Growth Fund
Notes linked to basket of three funds, including Mawer World
The U.S. Securities and Exchange Commission is seeking to define certain equity-linked financial products as securities in order to protect investors.The SEC has published for public comment a proposed new rule that aims to protect investors from fraudulent and abusive practices in the sale of equity indexed annuities. The commission voted unanimously to issue a […]
The new federal disclosure regime governing principal-protected notes was published today in the Canada Gazette.The new regime, which takes effect July 1, updates a disclosure regime that had become outdated as the PPNs became more complex and diverse. “The complexity of such products can make it difficult for retail investors to fully understand the risks, […]
Notes issued by Scotiabank
New regulations take effect July 1