Recent content by orangesunset

Why did you need a claims firm when the FSA should have taken action on your behalf ? Wonder if other victims also received compensation - with or without needing to instruct a claims firm. In my own case experience led to suspicions about their glossy brochures and constant phone calls...

Am not surprised that the FSO (nor the FSA) don't want to help. My understanding is that they have the resources to deal only with claims that involve a considerable amount of money. Firms such as CMC know how to take full advantage of this. Changing execution prices and stopping trades are...

Research on firms such as CMC reveals just how dishonest are their methods. If you get the chance speak to people who used to work for them or others with inside information. Have been told that they use all manner of tricks such as spikes and requoting to enhance their profits to the...

Re: geoandina mining corp Many years ago I learnt never to trust anyone trying to sell shares - there are far too many fraudsters out there (which may include so-called reputable firms). So luckily I did not respond to the geoandina offer. Have often forwarded to the fsa and the city of...

Thanks for this information - typical that firms can be untruthful and get away with it. Have been given a similar excuse by CFD advisory firms who also claim they have to charge commission on both winning and losing trades - because of FSA regulations. If only the FSA took more interest in...

In my experience the FSA provides very little in the way of protection. The FSA Ombudsman provides a very poor service by keeping to the letter rather than the spirit of the law. This policy works in favour of the firms with their expert legal advisers. Montagu Pitman told me they have to...

Financial Ombudsman Service Your experience seems very similar to my own. Two years after complaining about something that should have been easy to check am still waiting for a final decision from the FOS. The complained about firm claims to be unable to locate two critical phone calls and...

CMC complaints and the FSA Good to hear the FSA are taking an interest in checking complaints about CMC. Please send details although my impression is that the FSA investigates only cases involving a lot of money. It would be interesting to know what proportion of complaints are upheld when...

CMC Complaints and the Ombudsman CMC invited me to file a complaint to the Ombudsman following misleading advice they gave to me by telephone. CMC claim to have been unable to find the relevant phone call - even though they have produced recordings made either side of this call on the same...

geoandina mining corp Received a circular letter last year from William Hepworth of Marriott & Lloyds Geneva, Switzerland with their latest recommendation being GODN which they were promoting as an "excellent, secure, low risk investment". Surely someone, interpol if necessary, can track down...

They phone you up with their latest recommendation and urge you to invest. They sound very convincing and advise you not to miss a great opportunity. But the price of the share nearly always drops within days. Would be interesting if someone has kept a record of how all their recommendations...

Have kept a record of their recent recommendations and found all five have dropped in value. Thanks to this website I did not risk investing and so have saved myself thousands. When asking how they could get it so wrong answer was they are still expecting them to come good. Bet they don't...

My experience is that every recommended trade offered by phone soon lost money - a lot in most cases. How can they repeatedly get it so wrong - especially with their high rate of commission? If only the FSA would investigate - but if offering poor advice is within the letter of the law there...