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Private equity firm looks to take advantage of SFO blunder

A private equity firm has used a Serious Fraud Office database of email contacts to drum up prospective business after the SFO revealed the email details in a bulk mailout.

Australian company Equity Capital Solutions emailed contacts on the SFO mailing list last week, looking for new business and directing recipients to its website.

The email, sent by founding principal David McDonald, says: “We have sourced your details from an email recently circul-ated by the Serious Fraud Office press and information desk.”

Equity Capital Solutions says it got the email addresses after the SFO sent a bulk email with recipients’ addresses visible.

A Serious Fraud Office spokeswoman says: “We do not pass information on to third parties for marketing purposes.

“I have contacted this marketer and they have agreed to cease using these email add-resses for marketing purposes immediately.

“This occurred as a result of human error. Amendments have been made to avoid this happening again. We are very sorry this has occurred.”
Money Marketing last week reported that the FSA revealed the email addresses of hundreds of IFAs in a mass mailout.


Lowes in plea for structured training

Lowes Financial Management managing director Ian Lowes has called for a more formal assessment of structured products to help raise understanding among IFAs. At a Money Marketing structured products round table last week, Lowes, who is also founder of StructuredProduct, said a partnership between the UK Structured Product Association and an examination body could […]

William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]


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