Submitted on Thursday 4th April 2013
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: irrelevant (see below for details)
Complex financial instruments are fraudulent selling
Any financial construct for selling on any market, which of itself is so complex as to not immediately expose or reveal exactly what it contains and the percentage of "junk" risk, shall be illegal and constitute a fraudulent sale.
In other words, if people cannot understand what you are selling, then you cannot sell it. Obfuscating the contents and risk of "financial products" are what primarily caused the last crash - we will not permit such potentially fraudulent action again
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The Government e-Petitions Team gave the following reason:
3.147.89.50 Sat, 23 Nov 2024 13:19:17 +0000
