Tenet to pay compensation for jailed adviser's actions

Clients 'victims of fraud'

"This complaint is the result of a sophisticated fraud - but that doesn't mean Tenet isn't ultimately responsible for some of the adviser's actions" - FOS ombudsman
"This complaint is the result of a sophisticated fraud - but that doesn't mean Tenet isn't ultimately responsible for some of the adviser's actions" - FOS ombudsman
  • LinkedIn  
0 Comments

TenetConnect Services has been ordered to pay compensation to a couple after a former appointed representative, who has since been convicted of fraud, induced them to give him money he misappropriated for his own ends.

The clients in question - designated 'Mr and Mrs M' by the Financial Ombudsman Service (FOS) - believed the losses they suffered were preventable and the result of "inadequate supervision" by Tenet of...

More on Regulation

More news