Contracts For Difference
A self-invested personal pension (SIPP) is a pension ‘wrapper’ that holds investments until you retire and start to draw a retirement income
What are Contracts for Difference (CFDs)?
CFDs are derivatives that allow investors to speculate on the value of an asset (such as shares or currency prices) without ever owning the commodity. CFDs are highly risky, complex financial products that are often used to speculate on markets. This risk is exacerbated by the fact that CFDs are often highly leveraged, resulting in many retail customers losing significantly more than their original investment as losses can be greatly magnified.
Worryingly in several instances, pension funds have been invested in CFDs based on the bad advice of marketing companies or financial advisers through Self-Invested Personal Pensions (SIPPs). Mis sold pensions gamble entire retirement savings in volatile and risky markets instead of investing in regulated and secure asset classes.
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Mis Sold CFDs & Investments
Contracts for Difference are high-risk investments and are often mis-sold.
If you have lost money on a CFD without being fully informed of the risks, you may be entitled to compensation.
Call Hemmings Howe today for an obligation-free consultation or complete the online claim form and we will get back to you as soon as possible.
The Dangers of Mis-Sold and Misleading CFDs
CFDs are (non-regulated) trading products that should only ever be managed by skilled professionals with a wealth of relevant experience. They are often sold to investors under the pretence of potentially huge returns, though with little to no warning of the potential risks.
As CFDs are extremely volatile trading products, the risk of losing some or all of the money invested is high. In addition, CFDs are not regulated by the FCA (Financial Conduct Authority), which means the official UK finance service watchdog has no authority or scrutiny over CFD trading activities. (CFD’s are not regulated but the brokers who sell them are)
Mis-selling of CFDs is rife, but this doesnot mean you can’t fight back. If you entered into a CFD on the basis of false, misleading or incomplete information, you may be entitled to compensation. Complete the online claim form today to find out if you can claim some or all of the money you lost on your CFD.
Can You Answer ‘Yes’ to Any of the Following?
If any of the following apply, there’s a strong chance you may have a strong case for a refund and/or compensation:
- You were sold a CFD of any kind without being fully informed of the risks
- The seller of your CFD lacked the experience required to manage such risk investments
- Any of the information you were provided with was inaccurate or misleading
- You were put under pressure to commit to something you didn’t fully understand
- False promises were made of a safe investment opportunity or guaranteed returns
- You believe any aspect of the CFD investment was mishandled at any time
Purchasing a CFD means entrusting your investment to one or more individuals, who are then obliged to make safe, informed and objective decisions on your behalf. If you feel this did not happen, you may be entitled to compensation – call Hemmings Howe today for more information.
CFD Compensation Claims: How it Works
At Hemming Howe, we pass your information to our trusted partners who can advise you with respect to all matters relating to mis-sold CFDs and compensation claims. If you believe you have a case, we’d be happy to provide you with an obligation-free consultation to discuss the next steps.
Find out if you could be entitled to compensation – call Hemmings Howe today, or fill out the online form and we’ll get back to you as soon as possible.