A stung investor wants answers

Following the loss of his entire pension in property funds sold by Goodbody, Dave Gorman believes the stockbroking firm got off lightly at the hands of the Financial Services Ombudsman

12th March, 2011

An investor who lost his entire pension pot in two property funds sold by a leading stockbroker has expressed his disappointment with a decision by the Financial Services Ombudsman.

Dave Gorman was unhappy that Bill Prasifka did not uphold his complaint against Goodbody Stockbrokers, despite finding that the firm had engaged in ‘‘a negligent misstatement’’.

Prasifka found that Gorman could not show that he had relied on the erroneous statement by...

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