Lawyers hired by the FSCS to pursue claims against IFAs who recommended Keydata yesterday sent out letters with the names and addresses of every firm it is chasing. IFAonline can now exclusively reveal the full list.
The court particulars of claim from Herbert Smith give the details of 537 financial services firms which invested clients in Keydata products. The FSCS may pursue recovery from them of the compensation it has paid out to Keydata investors. Some advisers have already contacted IFAonline to say their firm is named incorrectly as they have never sold a Keydata product. They have complained to Herbert Smith and the FSCS. The list set out below, filed with the High Court, is set to be only the first part of the FSCS's attempt to prove advisers gave negligent advice to Keydata investors, as...
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