I know banks/financial institutes should not do this:
1) Call the clients for any investment products, unless the clients initiate the enquiry
2) Scan the clients' bank accts then call the clients to buy anything. Now the gov't is saying banks should separate its general banking service from its investment service.
3) Target to oldery, clients with less investment experience, low education level and knowing no English for investment products
4) Since mini-bonds are very hard to be understood, so some financial institutes may simplify mini-bonds to fixed deposit
If the financial institutes had done the mistakes, they should also take some responsibility.
I think the main problems are, the products are approved by gov't and some banks/financial institutes are selling the products improperly. Now the small clients are taking all the responsibility and result but the other governing and selling parties can escape fm the big hurt.
