question archive What are the elements of an abusive practice by a financial institution?
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What are the elements of an abusive practice by a financial institution?
Some abusive practices followed by financial institutions include but not limited to unscrupulous advantage of insider information, market cornering, manipulative brokerage reports, etc. Financial institutions have privilege to more knowledge & information than the public and this creates these undue advantage for them. There are Financial regulations around these but implementation and control is still a major challenge