Penny Shares Tipsters Fined
The FSA fines Highbury Financial Services Ltd £35,000 for misleading advertising
3rd March 2005
The Financial Services Authority (FSA) has fined Highbury Financial Services Ltd £35,000 after finding that its financial promotions were misleading.
The promotion, titled 'The 25 shares most likely to double in 2004' created unrealistic expectations among customers and failed to make a clear mention of material risks involved in shares.
The firm also failed to have proper systems in place to ensure that its promotions were compliant with the FSA's regulations.
Read More: FSA Press Release
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