FSA fines IFA firm £56,000 over Keydata

Macdonald, Sam
March 2013
Fundweb;3/27/2013, p10
Trade Publication
The article reports that Great Britain's Financial Services Authority has fined independent financial adviser firm Care Asset Management for giving unsuitable advice on Keydata products. It states that the firm failed to assess the Keydata's life settlement products and judged them to have a lower risk profile than was appropriate leading to unsuitable sales and advised 98 clients to invest a total of 3.1 million pounds.


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