Reverse exchangeable notes, or "reverse convertibles," were popular investments prior to the recent market collapse. Investors bought nearly $7 billion of these securities in 2008. But when the equity ...

Whenever an investment product is so complex that a broker can't explain it in a quick “elevator pitch,” it’s time to start worrying about suitability. After all, the issue isn't just whether ...

To hear that the securities firm RBC Capital Markets got rung up by the regulator Finra over sales of "reverse convertibles" raised a couple of interesting questions, beginning with: What is a reverse ...

The Financial Industry Regulatory Authority announced Wednesday it fined the former Ferris, Baker Watts LLC, which was acquired by RBC Wealth Management, $500,000 for inadequate supervision of sales ...

Mr. Pearce has tried, arbitrated and mediated numerous disputes involving complex securities, commodities, administrative, contract, commercial, business tort and employment law issues for over 35 ...

Investors snapping up the 10%-plus annual coupons on recent reverse convertible notes may be playing with fire, according to experts familiar with the stock-linked structured products. Issued by ...

Over at Simon Johnson's Baseline Scenario blog, James Kwak wades into a discussion with a few other journalists about reverse convertibles. He asks: What the hell is the point of this product? He ...

Banco Santander SA, Spain's largest bank, will pay $2 million to resolve U.S. regulatory claims that its Puerto Rico-based brokerage improperly sold risky structured financial products to retail ...

(Reuters) - A U.S. regulator ordered a Royal Bank of Canada unit to pay $1.43 million to resolve charges it sold high-yielding securities known as reverse convertibles without properly assessing ...