Caveat emptor? bdhSterling told to compensate knowledgeable client over unregulated scheme

Loss of £123,000

clock • 3 min read
Caveat emptor? bdhSterling told to compensate knowledgeable client over unregulated scheme

The Financial Ombudsman Service (FOS) has sided with a client, who alleged that Chartered firm bdhSterling had provided unsuitable advice to invest a pension fund into an unregulated investment which then lost all its value.

The complaint stems from an investment manager of a venture capital business, Mr I, who sought greater returns on one of his pensions plans worth about £130,000. In 2012, his bdhSterling adviser re...

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