Credit Suisse and Nomura are in danger of facing mis-selling claims after the closure and suspension of a suite of short volatility exchange-traded note (ETN) products in this week's market sell-off, according to legal advisory firm RPC.
ETNs, which are designed to allow investors to profit from periods of low volatility, saw crippling losses during the market volatility and issuers were forced to close or suspend the products as a result....
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