One of the scandals of
(some) FSA authorised advisers in Spain
September
Update
Three months on and they still won’t give a reason. Commission
Disclosure in UK
is MANDATORY under FSA rules. But many FSA advisers still refuse to disclose in
Spain
Scandal
They pay for big adverts in
the newspapers, they proudly say they’ve been around since the year dot, they
are authorised by the Financial Services Authority (FSA) but they won’t tell
you how much you have to pay them!
They can dress up commission
anyway they like but it’s what you pay them! It’s your money.
Anyone with a story to tell in confidence can
contact me by email
·
FSA rules since 1993
·
Commission disclosed in UK but NOT Spain
·
What do they have to hide?
It continues to perplex me,
I can’t understand this and quite frankly I think it is wrong!
They advertise in English
speaking newspapers, they tell us they are authorised and regulated by the FSA
in the UK
but they don’t disclose commission which has been an FSA rule since 1993.
Why?
Well this is their chance to
tell you. If any of the International Financial Advisers who are authorised and
regulated by the Financial Services Authority (FSA) want to explain, I will
republish their words without any
alteration or redaction. So come on, you know who you are come and tell us!
But if no one takes up that
option, I’ll also give that the oxygen of publicity too!
So come on guys tell us, why
won’t you disclose commission?
+ + + + + +
Anyone who has anything to
tell me about this or any other issue can write to me with details by email. If you want anonymity I
will guarantee it.
If you work for an
International Financial Adviser or maybe you did in the past, with a
whistleblowing story to tell, I will protect my source.