The FSA has issued a consumer warning about an IFA firm for expats which may have cashed in on clients' investment products.
Customers who have invested money through Middlesbrough and Wrexham-based UK Expatriates Independent Financial Advisory Services (UEIFAS) should check the status of their investment with their provider, according to the regulator. The FSA believes UEIFAS may have cashed in on investment products taken out on behalf of its clients without their knowledge or consent and failed to return the funds to them. It may also have failed to pass funds transferred to it by clients for investment purposes on to the relevant investment provider, it warns. Anyone who has made investments through the...
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