Based on author's dissertation (doctoral - King's College London, Dickson Poon School of Law, 2018) issued under title: An analysis of the UK corporate retail investor protection framework regulating the sale of complex investment products. Includes bibliographical references (pages 177-206) and index.
Contents:
Breadth of Investor Protection Regulation -- Understanding Corporate Retail Investors and their Behavioural Biases -- Applying Regulatory Reforms and Redress Avenues to the Case of Corporate Retail -- Distinguishing between 'Information' and 'Investment Advice' -- Championing the Written Contract as the Decisive Tool for Managing Expectations: A Focus on the Mis-selling of IRHPs to Corporate Retail Investors -- Exploring the Co-extensive Relationship between Private Law and Regulation -- Regulating to Prevent Mis-selling : Proposals for Reform
Summary:
"The spate of mis-selling episodes that have plagued the financial services industries in recent years has caused widespread detriment to investors. Notwithstanding numerous regulatory interventions, curtailing the incidence of poor investment advice remains a challenge for regulators, particularly because these measures are taken in a 'fire-fighting' fashion without adequate consideration being given to the root causes of mis-selling. Against this backdrop, this book focuses on the sale of complex investment products to corporate retail investors by drawing upon the widespread mis-selling of interest rate hedging products to these investors in the UK and beyond. It brings to the fore the relatively understudied field concerning the different degrees of investor protection mechanisms applicable to individual retail investors as opposed to corporate retail investors by taking stock of past regulatory reforms and forthcoming regulatory initiatives, as well as, more importantly, the conclusions reached by the judiciary in IRHP mis-selling claims. The conclusions are particularly interesting in that it is demonstrated that corporate retail investors are in a vulnerable position when compared to individual retail investors, and hence the former are exposed to a heightened risk of mis-selling, meaning that regulatory intervention should be targeted accordingly. The recommendations made as a result of these findings are further supported by insights emerging from behavioural law and economics theories. This book is aimed at researchers, lawyers and students with an interest in the financial regulation field, who are keen to explore potential regulatory reforms to the investment services regime which aim to address the root causes of mis-selling and restore a level playing field amongst all retail investors"-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.