Arck advice on trial as 'sophisticated investor only' FOS ruling upheld

Laura Miller
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Financial advisers who put ordinary investors' money into collapsed £60m property scheme Arck face an even greater struggle with complaints, after the Ombudsman upheld a ruling that the investment was likely to be suitable only for sophisticated clients.

Advice firm Thompson Prior fought back against a FOS decision that it had mis-advised Mr C when it invested £45,000 in Arck via his self-invested personal pension (SIPP) in September 2009. But a...

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