Economy and Business Votes

Finally, after repeated requests from the investors affected by improper collation of complex financial products, the CNMV has set the criteria to be followed in advising financial institutions and marketing of such instruments. The CNMV recognizes that consulting activity declared by the entities may be lower than that earned. Ie advising entities without identifying the investment service they provide. And without giving the investor who is advised by the special protection provided by law. Are common practices that are made without following the legal framework, confesses the CNMV. Tell that such customers with products Bankinter Lehman Brothers.

This fact now recognized by the CNMV, should have led to the identification of the offending institutions and opening of the relevant disciplinary proceedings. Hopefully, after the clarification of criteria entities are subject to market discipline.

Another aspect of communication is the duty incumbent on brokers to identify complex tools and provide a paper on risks, clear and brief. The information must be provided in advance of service delivery. Without the existence of commercial chips exclude the duty to inform.

Are guidelines designed to protect investors that bank employees should assimilate through relevant training plans.

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