Financial services mis-selling
The value of your investment may go down as well as up, and there may not be any guarantee that you get your money back. We all know that, because it says so in the risk warning on a wealth of adverts, leaflets and websites. Having said that, some financial products and investment schemes are still mis-sold, in a multitude of ways and for a variety of reasons. The Financial Conduct Authority (FCA) has strict rules to prevent mis-selling; but it still happens and can leave your savings and investments in ruins when it does.
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Can you help when I’ve been mis-sold an investment?
Investments are risky by their very nature, with very few offering significant returns without an equal element of risk.
These regulations are designed to ensure that financial products, services and investments are only sold when they’re appropriate to a client’s level of financial understanding and appetite for risk.
The regulations are also designed to ensure that only qualified individuals provide financial advice and that the advice they give is both impartial and in the best interests of the investor, rather than the advisor.
Unfortunately, stories of mis-selling and outright fraud are rife in the industry. When this happens, the financial consequences can be devastating for individuals, families and small businesses that are caught out.
This is especially true when poor advice has resulted in the transfer of a person’s funds into risky investments that dramatically underperform or are so high risk that they ultimately fail completely.
If you’ve been the victim of financial service or investment mis-selling, you should speak to one of our expert dispute resolution and litigation experts as soon as possible. We act for many individuals in cases like these, and can also help you to seek the benefits of a where a number of other investors have been caught out by the same advisors.
How much does it cost to claim financial mis-selling compensation?
We’re acutely aware that if you’ve just suffered a significant financial loss due to mis-selling, you won’t wish to commit large sums to a legal battle.
Fortunately, while we’re highly experienced when it comes to recovering losses via traditional litigation, we’ll always seek to manage these cases for a lower cost.
This can happen through dispute resolution, direct negotiation, and regulator-approved redress schemes such as the , the Pensions Ombudsman or, where the defendant is no longer trading, the Financial Services Compensation Scheme.
Even if none of these routes are available to you, we’ll, where appropriate, seek to offer you a Conditional Fee Agreement (also known as No Win No Fee) to reduce your future financial risk as far as possible.
In certain cases we may also be able to access an ‘after the event’ insurance policy, which means that any risk of your being liable for the defendant’s costs should your claim fail is insured against.
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