U.K. Regulator Wants Investment Risks Explained Better, FT Says

The U.K.’s Financial Services Authority recommended that companies offering investments described as “guaranteed,” “protected” or “secure” should be required to state precisely what those terms mean, the Financial Times reported.

So-called structured products, which offer investments in traded equities with some degree of protection, are being marketed without “clear and adequate justification for the descriptions used,” the newspaper cited the regulator as saying.

To contact the reporter on this story: Alan Purkiss in London on apurkiss@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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