The Financial Services Compensation Scheme (FSCS) has confirmed it is reviewing evidence in the case against IFA Rockingham Independent Limited, after it has received new evidence from claimants in support of their case.
In a statement issued today the scheme said:"The FSCS has received a number of responses from claimants presenting some new evidence in support of their claims. We are now reviewing this evidence and considering whether it changes our original view on Rockingham's liability." About 200 elderly investors lost money in 2011 after they invested in bonds issued by Luxembourg-based ARM Asset Backed Securities (ARM), which never got regulatory approval by the local authorities. IFA Rockingham, which advised the clients, was fined £35,000 by the Financial Services Authority (FSA) in Septembe...
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