RE: Keeping an eye on the ball26 Dec 2020 12:30
I had already considered to start to collate possible evidence to prepare a case to the FCA.
Whilst I appreciate the angry group on here, and include myself in that group, I know from my pervious experience in my dealings with the FCA that an in-depth comprehensive report has far more impact that individual complaints.
As mentioned in a previous post, I compiled such a report on behalf of a group of shareholders re a company we were invested in, so in the instance being discussed, I am happy to leave such a report to others, but will happily back such a report.
What I had never excepted from the FCA is that if they find against either a companies board as a whole, or any individual, they only notify the complainant if any breach of the regulations are found to be serious enough to warrant public exposure, so be aware that not all breaches found proven are released into the public domain, nor is the actual complainant informed of the out come.
I only found out months later that, if no action is deemed necessary, the complainant is informed, so I took from that, that as I had not been informed of the outcome , that my complaint had been deemed inappropriate for result comments, but action had been taken (reprimand/warning or/and fine), but that action had not been deemed serious enough for the decision to be released.
So much for open, justice.