Davy has bonds decision quashed

The High Court has today quashed a decision by the Financial Services Ombudsman (FSO) in which investment brokers Davy were found to have mis-sold €500,000 worth of perpetual bonds to Enfield Credit Union.

Davy has bonds decision quashed
Wed, 30 Jul, 2008 - 15:57

The High Court has today quashed a decision by the Financial Services Ombudsman (FSO) in which investment brokers Davy were found to have mis-sold €500,000 worth of perpetual bonds to Enfield Credit Union.

Enfield subsequently made heavy losses on the bonds.

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CourtsBusinessHeathrowPerson: DavyPerson: Peter CharltonOrganisation: High CourtOrganisation: Financial Services OmbudsmanOrganisation: FSOOrganisation: Enfield Credit UnionOrganisation: EnfieldOrganisation: Office of the Financial Services Ombudsman
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