Judicial Inactivitism in Protecting Financial Consumer against Predatory Sale of Retail Structured Products: A Reflection from Retail Structured Notes Lawsuits in Taiwan

• Main Author: Chen, Chao-Hung
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2014
• Subjects: structured note; financial consumer protection; empirical study; suitability; disclosure; financial regulation; Asian Studies; Banking and Finance Law; Commercial Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/1285; https://ink.library.smu.edu.sg/context/sol_research/article/3238/viewcontent/Chen2014StructuredNotes.pdf
• Institution: Singapore Management University

This article analyzes 310 structured note lawsuits in Taiwan between 2000 and 2013 to examine courts’ attitude in dealing with claims of misselling retail structured notes. We find that courts were generally not favorable to retail investors. This provides a contrast with the financial regulator’s e...