And the World is Round

At bloody last. Many of us have been telling them this for ages. Now will they stop fannying about and pay out to the duped investors – in full. As an aside, with all that has transpired it would appear that there has been one regulatory failure heaped upon another. This last is just another in the sad litany. Do you now wonder that the 'Brown Terror' decided to grant the FSA complete immunity. No wonder they are being disbanded. It is to be hoped that the personnel responsible (if ever the Canaries would admit responsibility for anything) would not find cosy berths at the new institutions and indeed (like Jon Pain) have the good grace to fall on their swords now.

Posted by: Harry Katz

Dismal FSA Failures

Yet again the FSA proves iteslf useless, uselss, useless...

Posted by: Simon Webster

BUT?

But it is a breach of FSA requirements to have an 'advertising file' which contains literatute which has been signed off by the individual at Key Data responsible for that controlled function when that individual and the compliance officer and the firm's directors know that their legal advice is that the document should not have been signed off. Has anyone asked if during an FSA visit or remote check which took place after Keydata had had that legal advice, the 'advertising file' was checked by FSA?

Posted by: Snooks

No puff to blow the whistle?

I have been giving this a bit more thought and I have a question: If Norton Rose knew abbout this why didn't they come forward sooner and bring this to light? What were they wating for? Are they in breach of anything (like whistle blowing)? It would be interesting if the Editor asked the question.

Posted by: Harry Katz

Boring

Dear IFA online , cant you give us something more than this boring old retelling of the same old Keydata did this, keydata did that. Tell me whats happening now to my money, and why nobody is owning up or being blamed. Do some serious investigative journalism and find out whats happening NOW. Very lacklustre and lazy journalism

Posted by: Victim

Fed up

Please please please stop pushing the blame the FSA backed this its now gone so PLEASE PLEASE PLEASE PAY OUR MONEY BACK. We wouldnt of invested in it if it didnt say FSA backed. We took early retirement and the interest was our income to live on. So stop all the arguments and just PAY UP.

Posted by: fed up

Norton Rose Letter

Has anyone actually got a copy of the Norton Rose Letter

Posted by: nick