The Securities and Exchange Surveillance Commission said that Chiba Bank, its subsidiary securities companies, and Musashino Bank did not fully explain the risks associated with financial products called “structured bonds” that claim high yields but carry risks. We recommended to the Financial Services Agency that administrative action be taken against the three companies for selling them to customers in the past.
Source
Administrative disposition recommendation to 3 companies Surveillance Committee over “Structured Bonds” | NHK
