Chase de Vere fined 560k for Keydata sale failings
Chase de Vere Independent Financial Advisers has been hit with a fine of £560,000 for misleading customers in the sale of Keydata products.
Chase de Vere Independent Financial Advisers has been hit with a fine of £560,000 for misleading customers in the sale of Keydata products.
The FSCS has revealed a payout timetable for investors, advisers and fund managers affected by the collapse of the Lifemark SA Keydata scheme.
Keydata is in the headlines again as a result of the legal action being taken by the Financial Services Compensation Scheme (FSCS) against financial advice firms that sold certain Keydata products for which the FSCS has paid out compensation to investors.
The FSA acted unlawfully in its pursuit of Keydata according to a High Court ruling today.
IMA chairman Douglas Ferrans has called for an independent review into recent investment failures.