concept   mis selling
culture   United States
statement   In the United States, there are strict penalties for financial firms found guilty of mis selling financial products due to regulated deceptive sales practices.

4 similar statements
# Concept Culture Statement Freq.
1 mis selling United States Regulated and scrutinized by financial authorities; can lead to substantial fines and legal consequences for businesses 1
2 mis selling United States Mis selling is a term less commonly used, but the concept of deceptive sales practices leading to financial harm is still relevant. 1
3 mis selling United States Subject to strict regulations and consumer protection laws, with severe penalties for financial services firms found guilty of mis selling financial products. 1
4 mis selling United States Commonly associated with financial products and services, such as insurance and investments, with strict regulations and penalties for perpetrators. 1