The Financial Services Compensation Scheme (FSCS) has so far paid out £21.2m in claims related to the collapse of adviser network Alpha 2 Omega (A2O) after finding widespread mis-selling of unregulated collective investment schemes (UCIS).
A2O entered administration in January 2010, after the then regulator the Financial Services Authority (FSA) suspended it for repeatedly failing to correct a catalogue of compliance and training failings...
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