News

BOS puts advisers’ in hot seat over frozen funds

Tuesday 1st of November 2011

While also citing the unforeseen impact of the global financial crisis, advisers were singled out in two bullet points, with the BOS saying there was clear evidence that "some advisers mis-sold the products, representing them as less risky than they were" and "some advisers engaged in poor advisory practices."

BOS found some advisers signed less sophisticated investors up to the funds wi...

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