Toxic security

Selling Toxic Debt to Seniors

Memphis broker Morgan Keegan is under fire for allegedly failing to disclose the subprime risks of seven funds

Berman lost much of the $100,000 she invested in one Keegan fund Ann States

In HK, the toxic call accumulator (joke as "I kill you later"), a exotic option that most client don't really understand the risk. One thing that not so many people discuss is whether the product is fairly price in first place. (The mathematic for pricing the security effectively prevent this discussion) and journal only focus on suitability issue.