No investment is without risk and simply losing money on an investment does not mean that you are entitled to compensation.
However, as the financial services industry continues to lurch from one mis-selling investment scandal to another, it has become increasingly common for people to lose their hard earned savings due to unsuitable investment advice.
Have you suffered financial loss as a result of a bad investment?
While the names of investment products often change in line with lenders’ new marketing strategies, the products are often exactly the same.
Below is a list of popular products that can carry a high level of risk and therefore often result in mis-selling and/or negligent advice:
- Stocks and shares ISAs
- Unit Trusts
- Investment Bonds and/or mini-bonds
- Investment Trusts
- Portfolio Management
- CFDs – contracts for difference trading
Whether or not you have a claim will depend on your own, specific circumstances and the precise nature of the financial advice that you received. Any correspondence or documentation that you have relating to the advice you received could be crucial in building a case.
If you think you may have a claim then ask yourself the following questions:
- Was your investment product properly explained to you and did you fully understand the process and how it was going to work?
- Did your advisor fully explain the level of risk involved with your product? Did they discuss your attitude to risk?
- Was your investment product regulated by the Financial Conduct Authority? Examples of non-regulated products are commodities (such as gold or diamonds), land for development, overseas agriculture and sustainable energy
- Did your financial advisor have the necessary qualifications needed to provide you with this kind of advice?
- Is the advisor’s firm regulated by the Financial Conduct Authority?
- Did your advisor explain any commission associated with the recommended products?
- Did your advisor explain any fees or charges associated with your investment?
Thompsons Solicitors use their expertise to represent victims of all types of financial mis-selling.
Let us investigate your claim on a No Win No Fee basis and put your mind at rest.
