Eric C. Chang|Dragon Yongjun Tang|Miao Ben Zhang
Suitability Checks and Household Investments in Structured Products
University of Hong Kong
abstract suitability complex financial products household investors important issue light consumer financial protection us doddfrank act instance mandates distributors check suitability selling structured products retail investors however little empirical evidence exists transactions using data hong kong find investors purchase 8 structured products average suitability checked effect suitability checks pronounced less financially literate investors moreover investors tend buy products lower riskadjusted returns product suitability checked