Switzerland Considers Greater Investor Protections

According to Bloomberg, the Swiss oversight agency Fimma (Financial Market Supervisory Authority) is accepting public comment on proposed regulations relating to investor protection. In its recent report, Fimma recommended that those selling financial products provide potential investors with prospectuses that include information on risk, as well as the outlook for profit and loss. Fimma also recommended appointing an independent ombudsman and random testing of financial companies.