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Mis-sold stocks and Shares

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dunstonh Posts: 119,523 Forumite

4 May 2019 at 12:15PM

I lost £500 on a £25k investment over 2 years.

That is a tiny loss. Just 2%.

The markets fell by 16% over October 2018 to December 2018 to give you some context.

I will publish the complaint here & its success and response letter unless NDA'd by Halifax.

That isnt how the regulated complaints process works.

I was convinced in branch to put practically all my wealth into a Halifax investment account and a proportion of income.

Banks did have a tendency to invest more money than they should. Leaving too small emergency funds. There has been the odd case that succeeds on that. However, they are so uncommon that they actually get printed in the financial press when they get upheld.

How much cash savings did the bank leave you after investing? This is probably the most important thing that will decide whether you have a case or not.

Also, how long ago was this? (looking to see whether it will fall foul of the FCA's timebar rules - more than 6 years from when you started the investment and more than 3 years from being reasonably aware of an issue - which is usually when you sold the investment).

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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