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Talkback

“No. I don&#39t think it can because the act of misselling is impossible to define.”

Gerald Duthie,On-line Financial & Accountancy Services

“Yes. If it goes on as it is, there will not be anybody left to give advice.”

Harish Mistry, HB Mistry & Co

“Yes. The main problem is there is far too much retrospective legislation that affects us as IFAs. The regulator should have a clear definition of what it is.”

Dhiren Malde, Platinum Financial Services

“Yes, they definitely should. It is ridiculous to prosecute people for misselling if they do not really know what it is.”

Scott Clayson, Professional Financial Services

“Yes, if it is going to help the industry and keep the news-papers off our back. But it is difficult to say what misselling is. It depends on the circumstances and the particular client.”

Rodney Neil, IFA Investment Services

“Yes, we do not have any idea where we stand and the FSA keeps changing the rules in retrospect.”

Michael Urquhart, J Illingworth & Co

“Yes. So they cannot change things in the future and everyone knows where they stand.”

Andrew Forrest, Key Financial Strategies

Yes 87%

No 13%

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