At FDM, our experts have extensive experience in helping clients win compensation where they have been advised to place their money into a risky or inappropriate investment.
When giving advice, advisors had an obligation to ensure that the product recommended was suitable for the individual and that the individual was suitably aware of the risks associated with that investment – e.g. that the pot of money could go down as well as up.
The most common products which have been mis-sold are:
- Stocks and Shares ISA
- Investment Bonds
- Unit Trusts
- Various Investment Portfolios
It is important to note that the investment losing money does not necessitate mis-sale; for mis-sale to have occurred we need to be able to demonstrate that the advisor was reckless or that the investment was misrepresented or unsuitable.
Examples may include where there was no diversification of funds, guarantees were made regarding the performance of the investment, risks of losing money were not made clear or financial penalties for withdrawing money were not explained.
If you believe you may have been mis-sold an investment, our expert team can discuss your options with you.
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