Thursday July 2, 2020

Some financial firms blinded by greed

Financial Services Ombudsman Joe Meade’s annual report has revealed some shocking cases of mistreatment of customers by financial institutions.

26th April, 2008

Financial Services Ombudsman Joe Meade’s annual report has revealed some shocking cases of mistreatment of customers by financial institutions.

Financial Services Ombudsman Joe Meade rightly drew attention to the mis-selling of investment products to elderly people when launching his annual report last week after several shocking instances were brought to his attention.

Among them was the sale by a stockbroker to a 94-year-old woman of a €100,000 bond in ISTC, the financial institution...

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