The Financial Ombudsman Service (FOS) has received a "small number" of complaints related to troubled overseas property sales agent Harlequin Property - though this could rise if a group of investors gets its way.
A spokesperson for the FOS said the "handful" of complaints it has seen so far are to do with suitability, with investors claiming that the investment was much higher risk than they had been told. However, the number of complaints against advisers is likely to increase if a move by the Harlequin Investors Group is successful. The Harlequin Investors Group - with the backing of law firm Regulatory Legal - wants to agree a process with Harlequin to facilitate the review of all investments through self-invested personal pensions (SIPPs) or those which have utilised a re-mortgage. Trou...
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