Two investors are taking TenetConnect to the Financial Ombudsman Service (FOS) after unsuccessfully trying to retrieve money lost due to what they claim was negligent advice to invest in an unregulated overseas property scheme.
Doctors Gerry Purdy and Sean Bennett lost £75,000 ($125,000) each after an unregulated investment in a Portuguese property scheme developed by Algarve-based golf tourism firm Oceânico, fell apart. The pair had invested in the high risk scheme on the advice of their IFA Ron Bulless of Solutions Financial Services - an appointed representative of the Tenet network at the time. They alleged their adviser had misled them about the unregulated nature of the investment and that the advice was "inappropriate and reckless" due to their low attitude to risk. Solutions, which had given the ...
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