Full Circle Asset Management Ltd v Financial Ombudsman Service Ltd

Investment business – Regulation. The Administrative Court dismissed the claimant company's application for judicial review of the defendant Financial Ombudsman Service's decision, upholding the first interested party's complaint against it. The ombudsman had not erred in having found that the portfolio provided to the interested party had not been suitable to her circumstances and, if the inherent risks had been clear to her, she would not have proceeded with the investment.

Category: