Wealth Management Insights: When things go wrong – unsuitable advice, complaints and disputes
When it comes to working with a bank or investment advisor, occasionally things can go wrong – an investment may fall in value unexpectantly, a severe currency movement may have undue impact, or you might find yourself with a margin call on a loan or derivative position. Of course, if you were aware of the risks involved in a transaction, this will come as no surprise. But what should you do, if you feel that not everything was transparent? Recent years has seen
high profile litigation against major banks. From the UK newspaper
proprietor, Richard Desmond’s GBP50m claim against Credit Suisse for
structured product mis-selling to a GBP1.3bn claim against HSBC in
relation to film partnerships, plus many more.