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Investment gone bad, solicitor advice?
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recourse
Posts: 3 Newbie
Hi All
i have made an investment with a timber company which in hindsight I shoudn't have. Its not a huge amount - £5000 but I have been told I may have a case. Can anyone suggest a solicitor or law firm that may be experienced in this sort of thing and what kind of fees they charge. Any info much appreciated.
R
i have made an investment with a timber company which in hindsight I shoudn't have. Its not a huge amount - £5000 but I have been told I may have a case. Can anyone suggest a solicitor or law firm that may be experienced in this sort of thing and what kind of fees they charge. Any info much appreciated.
R
0
Comments
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Lots of questions come to me that may help to give any suggestions.
Did anyone advise you on the investment?
How did you invest? Was it from a cold call and is the company you invested in listed on the UK stock exchange?
What did you buy? Was it shares or some other "product"?
Is the company that sold you the investment FSA regulated?
If you bought from a non FSA regulated company without advice then you may only have a case if it was fraudulent in which case the police should be informed. For an investment of £5k you may find legal fees eat up a lot of that amount.Remember the saying: if it looks too good to be true it almost certainly is.0 -
i have made an investment with a timber company which in hindsight I shoudn't have. Its not a huge amount - £5000 but I have been told I may have a case.
Told by whom?
A case against whom?
A case for what injustice?
More precise details might help us.
Warmest regards,
FAThus the old Gentleman ended his Harangue. The People heard it, and approved the Doctrine, and immediately practised the Contrary, just as if it had been a common Sermon; for the Vendue opened ...THE WAY TO WEALTH, Benjamin Franklin, 1758 AD0 -
Was this timber firm another Benstead production by any chance?
(Peter Benstead of Crown Currency etc, had several timber / conservatory firms that have gone bust)“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Thanks to both of you for the speedy reply.
It was an investment with a company I had previously made investments with and had received good returns.
The company is not FSA regulated.
I have read other peoples experiences with the same firm on this forum and they used solicitors to this recoup their investment.
The case would be against the company I invested with.
It was a plot of land.
Hope these provide you with further information.
many thanks0 -
No Glen, not the vompany you are talking about. thanks though
R0
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