Fairstone Investments
Did you get advice from Fairstone Investments?
Mis-selling of investments is an illegal practice that occurs when a financial advisor or broker sells an investment product to a customer without providing full disclosure of the risks and benefits associated with the product.
Fairstone Financial Management Limited has been accused of mis-selling investments to its customers and has been under investigation by the Financial Conduct Authority (FCA) since 2018. The FCA’s investigation has revealed that Fairstone has been engaging in a number of practices that constitute mis-selling, including providing unsuitable advice, failing to explain the risks associated with investments, and failing to ensure that its customers are properly informed about the products they are investing in.
Fairstone has been fined by the FCA for mis-selling investments and has agreed to compensate customers who have suffered losses as a result of the mis-selling.
Fairstone has accepted the findings of the FCA and has agreed to pay out a total of £14 million to customers who were mis-sold investments. The company has also agreed to provide additional training to its staff, as well as implementing measures to ensure the mis-selling does not happen again. ThFCA has also imposed a financial penalty of £7.6 million on Fairstone for the mis-selling.
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If you were advised by Fairstone Investments, you might have been mis-sold your pension.
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