Ex-EJ adviser files complaint against FSA over Towry

In a letter to the FSA dated 6 September 2011, seen by IFAOnline, Jason Levett, now a stockbroker and adviser at McLaughlan Hook, accuses the FSA of failing to act on multiple complaints about Towry's conduct. "There has been no evidence, following exhaustive referrals of information to the regulatory department overseeing Towry EJ, that the regulatory department has delivered any improvement in service and addressed any of the issues raised," Levett writes. Towry bought advisory firm Edward Jones in October 2009 but the takeover was not a smooth one. Clients complained last year that...