The findings of the report which was carried out after Mifidii came into force, may assist any individual or group of investors to ascertain whether they had been ‘misrepresented’ the costs and charges for their investment. Under the 1967 Misrepresentation Act, successful claimants could be entitled to rescind their contract with the investment firm and claim damages for their losses.
SCM Direct MiFID II Cost Reporting Research – 12 Feb 2018
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