Wills & Co Stockbrokers Limited, a firm that has been repeatedly investigated by Elite Chambers, was officially declared in ‘default’. It means we can start considering claims of mis-selling lodged against the firm. A company is in default when it is unable, or likely to be unable, to pay claims against it.

A Credible source from This Is The Money said: ‘The firm was fined £49,000 in 2007 for cheating its customers by dumping high-risk stocks on to low-to-medium risk investors. It then falsely told the FSA that it had cleaned up its act and taken a series of steps to ensure that it did not offend again.’

‘By the time the FSA investigated afresh, hundreds more of Wills’ clients had been tricked and cheated. Wills even tried to trick the Financial Ombudsman into believing that the FSA had actually imposed a rule saying that investors should hold 10% of their savings in high-risk shares. This was pure fiction.’

‘Last January the FSA barred Wills from selling shares, effectively bringing down the shutters on the business. By then it owed over £831,000 in compensation to clients, with 167 claims still being considered.’

We are helping many UK investors recover their losses with our dedicated barristers. We at Elite Chambers recognise the difficulties and barriers that the general public encounter when attempting to pursue claims on their own, our team of dedicated specialists will investigate your situation and look after your claim from start to finish.

We are currently acting for many people like you on a NO WIN NO FEE basis and would be happy to act for you on the same terms.

You can reclaim your losses from penny shares investments for as long ago as 2005 even if you don’t have paperwork

Click Here and let’s see if we can help you.