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Where is the balance between product innovation and investor protection? A simple enough question, b...

Where is the balance between product innovation and investor protection? A simple enough question, but complicated to answer. I'm prompted to ask this after a conversation with David Barclay-Miller, head of Product Innovations Limited (PIL). David is one of those bright people who ends up being attracted to the structured products side of the industry. I'll leave him to take up the rest of the story: "The other day I was talking to the Compliance Officer of a large IFA. He's a nice guy and seemed to know his stuff. I was telling him about our latest diversification product, which involved...

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