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Whose case to answer?

As a DBS/Sesame member, I sold only a few NDF guaranteed income bonds in 2000/01. The products were on the DBS highly recommended panel.

The risk rating of this product changed from cautious to highly risky and we as advisers are being sued for misselling.

However, in a recent claim which went against me, Sesame found nothing wrong in the advice given and the procedures adopted but the FSA found in my client’s favour.

However, the FSA stated in its response that I had not done anything wrong but that it was NDF/DBS which had misrepresented the product and had supplied misleading information.

Surely there is a case for Sesame/DBS/NDF to be sued by me and other members who pay for services provided by DBS/Sesame?

I would like my PI claim wiped clean from my records and that Sesame take full responsibility for providing us IFAs with misleading provider sales material.

Michael FoxCertified mortgage specialist,



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