Misleading, Misconduct, Financial Literacy, Conflicted Advice, Investor Sophistication, Disclosure
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MIS-Selling of Financial Products: A Review
Abstract: This paper describes the mis-selling of financial products as it has been documented in the literature. The evidence pointed out that agents are maximising their own income at the cost of selling unsuitable financial products to retail investors. It is well documented that non-transparent product structures encourage mis-selling by agents and advisors. To structure the discussion, literature review is segregated into three parts: (1). Mis-selling & Misconduct in Financial sector. …
Published in NOLEGEIN Journal of Financial Planning And Management · Vol. 1, Issue 2, 2018 · pp. 1–11 Read article