I think there is a significant issue with regulated entities selling unregulated products . There has been dolphin, blackbee etc , all being sold by regulated brokers under some unregulated loophole
(I investigated the possibility of suing my broker for flogging me Dolphin - given that he had a clear written instruction from me only to invest in low risk funds - but decided that I couldn't afford the legal costs involved if I lost; but it still sucks.
Why didn't you go to the Financial Services Ombudsman? Quicker and would cost you nothing.
Brendan
You only need to have exhausted the complaints process of the entity you're complaining aboutBecause you can't start there. You can only go to them when you've exhausted every other avenue.
You only need to have exhausted the complaints process of the entity you're complaining about
I complained to the Central Bank
Sadly, the entity that I'm complaining about no longer exists.
But you were thinking of taking legal action against it anyway? I think it's non-existence is a bigger deterrent than the legal fees.
Brendan
Is this similar to Dolphin Trust?
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