FSA fines advisers for Lehman-backed structured product sales | News | Money Marketing
FSCS will say no to Keydata? Doesn't look good for those who recommended structured products to people who couln't afford to lose money, but then again who can? Coutts next? Frank Skinner and Jeremy Clarkson couldn't afford to lose £millions.
And:
"the partner at Thorntons responsible for compliance oversight, had no financial services experience"
Wait a minute, is it a fact that even post RDR there will be no requirement for those with compliance oversight to have any qualifications? Nor will FSA staff, officers and directors?
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