The full extent of Norwich & Peterborough clients' over-exposure to Keydata products has been laid bare as law firm Regulatory Legal says the issue will likely end in the courts.
Data compiled by Regulatory Legal relating to sales practices at N&P reveals Keydata products were sold to elderly, risk averse and unsophisticated investors who did not understand the risks involved. The information comes to light as Regulatory Legal, which is representing 248 N&P clients, holds a meeting in Norwich today as it looks to sign up more clients. Partner Gareth Fatchett says his clients lost around £10m by investing in Keydata products through N&P. The figures compiled by the law firm highlight the over-exposure of N&P clients to Keydata, with 180 out of 207 clients inves...
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