R v PIA ombudsman & PIA ex parte Burns‐Anderson Independent Network plc
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 1 March 1997
Abstract
The Applicant in this case, The Burns Anderson Independent Network plc, was authorised to conduct investment business under the Financial Services Act 1986, by virtue of its membership of the Personal Investment Authority (PIA). An allegation had been made to the PIA ombudsman that the Applicant was involved in the operation of a holiday time share business known as the Villa Investment Plan. An action group of dissatisfied time share purchasers from the Villa Investment Plan was formed and lodged a complaint with the PIA ombudsman claiming compensation for losses amounting to £8m.
Citation
LJ, M., LJ, M., LJ, A. and Gray, J. (1997), "R v PIA ombudsman & PIA
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited