Law firm raises issues over FSA customer compensation drive
City law firm Reynolds Porter Chamberlain claim the Financial Services Authority is aiming to force financial services firms to provide 100% redress to customers who have suffered financial loss even if the loss was not caused by the firm’s rule breach or faulty advice.
As the law of "causation" stands, if a financial services firm breaches the FSA rules when providing advice they are only liable to compensate their customer for any losses that can be directly
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