Alexander David Securities Ltd/TS Capital Stockbroking Account

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Alexander David Securities Ltd/TS Capital Stockbroking Account

Have you invested into high-risk share schemes through an Alexander David Securities Ltd or TS Capital stockbroking account?

If so, contact us now for free, no-obligation advice on your potential options for redress

We are experts in financial mis-selling claims and we are currently acting for several individuals who are pursuing Alexander David Securities Ltd (ADS) as a result of failed investments made into a number of high-risk schemes. We may also be able to assist you in bringing a no win, no fee claim to recover your losses.

Typically, our clients were cold called by unregulated salespeople who advised them open a Self-Invested Personal Pension (SIPP) with Options UK Personal Pensions LLP (previously Carey Pensions UK LLP).

Our clients were advised to then transfer their existing pensions into the SIPP. Once the SIPP was established, our clients were then advised to open a stockbroking account with a firm called Templeton Securities (now known as TS Capital).  Templeton Securities is a regulated firm and, at the time our clients were targeted, it was an appointed representative of ADS.

Once the stockbroking accounts had been set up, our clients were then persuaded to invest their pension benefits into shares in a number of high-risk and unsuitable companies, including; Emmit plc, Eligere Investments plc and Global Auto-Trade Group plc. Our clients were provided with investment advice by the unregulated salespeople and told to write to Templeton Securities with their instructions.

Templeton Securities executed the trades without question and without undertaking sufficient checks. Very soon after the trades were made, the high-risk shares were delisted from their respective exchanges. They now have no value, meaning our clients have sadly lost the entirety of their pensions.

Having been approached by numerous individuals about the same issue we identified that all the investment instructions were almost identically worded and funds were going into the same investments. In all cases, the unregulated salespeople provided our clients with suggested wording for the investment instructions, this suggested wording used highly complex financial terminology and language that was not consistent with the characteristics of our clients.

Section 39(3) of the Financial Services and Markets Act 2000 provides that, as its principal, ADS was responsible for the actions and/or omissions of Templeton Securities:

“The principal of an appointed representative is responsible, to the same extent as if he had expressly permitted it, for anything done or omitted by the representative in carrying on the business for which he has accepted responsibility.”

For this reason, our clients are bringing claims against ADS as the party ultimately responsible for their significant losses. If you are similarly affected, then we would like to hear from you. Please call us on 0800 152 2620 for further advice, or fill in the form and one of our solicitors will call you back at a convenient time.

Why Choose Us?

  • We have over 15 years’ specialist experience in financial services professional negligence with a team of lawyers working exclusively on these cases.
  • You only normally get one shot at making a pension or investment mis-selling claim.  If it is not done properly it can be rejected.  It is important you submit the right evidence, presented in the right way and emphasising important points.  Unlike claims submitted to the Ombudsman who only uphold up to 60% of pension and investment complaints*, if we take your case on and it is within time limits, we are successful in over 95% of our cases.
  • We only operate on a “no win, no fee” basis.  If you are not successful you do not pay us a penny.
  • We are leaders in pension and investment negligent law and are frequently asked by newspapers, TV and radio for commentary on this area of law.  We also give lectures on our specialist work to other lawyers.
  • We are pursuing several ground-breaking group claims.  One such case was Adams v Options SIPP.  Hundreds of our clients had their pensions defrauded by unregulated introducers and advisers.  These advisers had disappeared with the money and the Ombudsman had rejected many complaints because these advisers were unregulated.  We pursued claims against the self-invested personal pension (SIPP) operators for failing to make proper checks on these introducers and other regulatory breaches.  After years of fighting, including losing the first court case, we persuaded the Court of Appeal these pension operators were liable.  Thousands of pensioners have been able to recover their lost pensions as a result.

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Mis-selling or mis-management by a SIPP Operator?

Have you suffered financial losses on a SIPP operated by a SIPP operator? If so, then you may have grounds for bringing a No Win No Fee claim.

Some SIPP operators have entered into dealings with third party advisers who are not authorised and regulated by the Financial Conduct Authority to give pension or investment advice. This is despite their regulatory body publishing alerts and giving warnings against such actions.

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Mis-sold or mis-managed investment or pension?

  • You were sold an investment without having been properly advised of the risks
  • Your personal circumstances or attitude to risk wasn’t properly considered
  • You were sold a SIPP or poor returning annuity
  • You were advised to invest all or most of your savings into a single investment
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One of the UK’s leading specialists in financial mis-selling... The Times
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