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FCA fines Chase de Vere £560k over Keydata sales

FCA fines Chase de Vere £560k over Keydata sales
  • Scott Sinclair
  • Scott Sinclair
  • @scottjsinclair
  • 17 November 2014
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The Financial Conduct Authority (FCA) has fined Chase de Vere Independent Financial Advisers £560,000 for failures surrounding the sale of Keydata products.

Between August 2005 and June 2009 Chase de Vere's advisers sold Keydata life settlement products to 2,806 customers who invested a total of £49.3m. The Financial Services Compensation Scheme has paid...

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