Sept 6 (Reuters) - Australia's ASIC:
- TAKES AIM AT DISTRIBUTION OF OTC DERIVATIVES AND OTHER HIGH-RISK PRODUCTS TO RETAIL CLIENTS
- RECENT TARGETED REVIEW FOR OTC DERIVATIVES FOUND ROOM FOR IMPROVEMENT IN HOW THEY MEET THEIR DESIGN AND DISTRIBUTION OBLIGATIONS
- ARE ALSO CONCERNED TO SEE MASS MARKET ADVERTISING OF HIGH-RISK FINANCIAL PRODUCTS
- WILL NOT HESITATE TO TAKE FURTHER ACTION, FROM STOP ORDERS THROUGH TO COURT PROCEEDINGS, ESPECIALLY WHERE THERE IS EGREGIOUS FAILURES
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