Seminar: How to Handle Mis-Selling Claims
Since 2008, we have seen not only a substantial number of complaints made by clients against regulated financial advisers and wealth managers alleging mis-selling but also a substantial increase in the standard expected by the Securities and Futures Commission ("SFC") of such advisers and wealth managers in ensuring the suitability of the products which they distribute. Though the courts have tended to be less sympathetic to claims of mis-selling, the SFC has aggressively pursued mis-selling. In an effort to bridge the divide between the law and its own regulatory standards, the SFC now requires all firms under its regulatory domain to include a suitability clause in their client agreements, intended to enable clients to sue for damages if the firm sells or recommends a financial product which is “unsuitable” for the client.
Please join us for the lunch time seminar as we provide our perspective on the evolving concept of suitability and review how regulated firms can minimize the risk of claims of mis-selling in carrying out their business and how they should respond to allegations of mis-selling.
Please select below the date on which you would like to attend our seminar:
About the Firm
Founded in 2004, TIMOTHY LOH LLP is an internationally recognized Hong Kong law firm focused on mergers & acquisitions, litigation and general financial markets and financial services matters. The firm is a leader in banking, financial regulation, corporate finance, capital markets and investment funds as measured by its rankings and those of its lawyers in leading independent editorial publications. The firm routinely acts for Fortune Global 500 companies. For more information, visit www.timothyloh.com.