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Financial Fraud Solicitors

Realising that you have been a victim of financial fraud or mis-selling can be hugely stressful and overwhelming. These situations can often involve large sums of money and leave you wondering where to turn.

At Setfords, our financial fraud solicitors specialise in financial services litigation to help you get the outcome you need. So, if you have been a victim of financial fraud or mis-selling and need a lawyer to guide you through the process, we are here for you. We can also advise you if you have been accused of a financial fraud offence.

Find out more about how our financial fraud solicitors can help you below.

Financial Fraud Solicitor Services

How exactly can our financial fraud solicitors help you? Check out our main specialisms below.

  • Financial fraud and mis-selling

    Financial fraud and mis-selling

    According to the Financial Conduct Authority (FCA), all financial products must be sold to you in a ‘fair, clear and not misleading’ way. Financial fraud or mis-selling occurs when you take on the services of a financial professional, and they sell you a product that does not meet your needs or is fraudulent.

    This can take many forms, such as:

    • Giving you unsuitable advice
    • Using pressurised sales techniques to bully you into a decision before you can consider if the product or service is suitable for you
    • Downplaying or ignoring risks
    • Not disclosing additional fees until after your purchase
    • Not providing you with all of the details of a product or service, so that you purchase something unsuitable

    Furthermore, you don’t have to have lost money to be a victim of mis-selling. The product or service simply being unsuitable for you may be enough for a claim. 

    For example, if you make an investment that turns out to be riskier than you were willing to invest in, you may be able to claim even if you don’t lose money on it. On the other hand, merely having a badly-performing investment is often not enough for a claim — you must have been misinformed about the risks or sold something unsuitable for your needs.

    If you think you have been the victim of financial fraud or mis-selling, there are options open to you, and our team of financial fraud solicitors are here to help. Get in touch with us today to discuss your circumstances.

  • Accusations of fraud

    Accusations of fraud

    If you have been accused of fraud, it’s important to get trustworthy, expert legal advice as soon as possible. Setfords’ financial fraud solicitors can assist with everything from credit card and insurance fraud, to money laundering, insider dealing, and more.

    Please click here to find out more about how we can assist you with accusations of fraud.

  • Benefit fraud

    Benefit fraud

    Learning that you’re under investigation by the Department for Work and Pensions can be massively stressful.

    If you find yourself in this situation, it’s crucial to obtain legal advice early to increase your odds of a favourable outcome. Hire one of our benefit fraud solicitors today by clicking here.

  • VAT fraud

    VAT fraud

    VAT fraud involves activities such as the manipulation or misuse of VAT systems to evade or exploit relevant regulations and obligations. 

    If you find yourself accused of such an offence or have been a victim of VAT fraud, get legal advice from one of our expert VAT fraud solicitors today to give yourself the best chance of winning your case.

  • Corporate fraud

    Corporate fraud

    Corporate fraud involves fraudulent activity performed by employees, executives, or management of a company for personal gain or to mislead shareholders, investors, or other stakeholders. Examples include: 

    – Accounting fraud

    – Insider trading

    – Bribery

    – Corruption

    – Falsification of financial statements

    – Misrepresentation of company assets or liabilities

    If you have been accused of such an offence or your business has fallen victim to corporate fraud, Setfords’ corporate fraud lawyers are here to help.

  • Tax fraud

    Tax fraud

    Tax fraud is where somebody dupes tax authorities to evade paying taxes, or falsely claims tax refunds or tax credits. 

    Our tax fraud solicitors are experts in tax law, and represent a safe pair of hands to handle your case. 

  • Insurance fraud

    Insurance fraud

    Insurance fraud involves deliberately deceiving an insurance company or agent for financial gain.

    Here at Setfords, our insurance fraud lawyers can help you get the best outcome should you find yourself accused of such an offence or are a victim of insurance fraud. 

  • Credit card fraud

    Credit card fraud

    Credit card fraud is unfortunately rife these days, meaning our credit card fraud solicitors have plenty of experience with these kinds of cases.

    If you have fallen victim to credit card fraud or have been accused of committing such an offence, be sure to get in touch with Setfords today to see how we can help you.

Financial fraud and mis-selling

According to the Financial Conduct Authority (FCA), all financial products must be sold to you in a ‘fair, clear and not misleading’ way. Financial fraud or mis-selling occurs when you take on the services of a financial professional, and they sell you a product that does not meet your needs or is fraudulent.

This can take many forms, such as:

  • Giving you unsuitable advice
  • Using pressurised sales techniques to bully you into a decision before you can consider if the product or service is suitable for you
  • Downplaying or ignoring risks
  • Not disclosing additional fees until after your purchase
  • Not providing you with all of the details of a product or service, so that you purchase something unsuitable

Furthermore, you don’t have to have lost money to be a victim of mis-selling. The product or service simply being unsuitable for you may be enough for a claim. 

For example, if you make an investment that turns out to be riskier than you were willing to invest in, you may be able to claim even if you don’t lose money on it. On the other hand, merely having a badly-performing investment is often not enough for a claim — you must have been misinformed about the risks or sold something unsuitable for your needs.

If you think you have been the victim of financial fraud or mis-selling, there are options open to you, and our team of financial fraud solicitors are here to help. Get in touch with us today to discuss your circumstances.

Accusations of fraud

If you have been accused of fraud, it’s important to get trustworthy, expert legal advice as soon as possible. Setfords’ financial fraud solicitors can assist with everything from credit card and insurance fraud, to money laundering, insider dealing, and more.

Please click here to find out more about how we can assist you with accusations of fraud.

Benefit fraud

Learning that you’re under investigation by the Department for Work and Pensions can be massively stressful.

If you find yourself in this situation, it’s crucial to obtain legal advice early to increase your odds of a favourable outcome. Hire one of our benefit fraud solicitors today by clicking here.

VAT fraud

VAT fraud involves activities such as the manipulation or misuse of VAT systems to evade or exploit relevant regulations and obligations. 

If you find yourself accused of such an offence or have been a victim of VAT fraud, get legal advice from one of our expert VAT fraud solicitors today to give yourself the best chance of winning your case.

Corporate fraud

Corporate fraud involves fraudulent activity performed by employees, executives, or management of a company for personal gain or to mislead shareholders, investors, or other stakeholders. Examples include: 

– Accounting fraud

– Insider trading

– Bribery

– Corruption

– Falsification of financial statements

– Misrepresentation of company assets or liabilities

If you have been accused of such an offence or your business has fallen victim to corporate fraud, Setfords’ corporate fraud lawyers are here to help.

Tax fraud

Tax fraud is where somebody dupes tax authorities to evade paying taxes, or falsely claims tax refunds or tax credits. 

Our tax fraud solicitors are experts in tax law, and represent a safe pair of hands to handle your case. 

Insurance fraud

Insurance fraud involves deliberately deceiving an insurance company or agent for financial gain.

Here at Setfords, our insurance fraud lawyers can help you get the best outcome should you find yourself accused of such an offence or are a victim of insurance fraud. 

Credit card fraud

Credit card fraud is unfortunately rife these days, meaning our credit card fraud solicitors have plenty of experience with these kinds of cases.

If you have fallen victim to credit card fraud or have been accused of committing such an offence, be sure to get in touch with Setfords today to see how we can help you.

Setfords’ Approach to Financial Fraud

Setfords is a law firm with a difference. Our company structure is designed to provide you with the best legal advice possible, while our financial fraud solicitors have a wealth of experience providing accurate and comprehensive legal advice.

Finding the right lawyer is important to ensure you get the best outcome, and ours are experts in this often complex sector, with many years of experience to support you with.

We’ll assist you in deciding on the right course of action for your case, and will be honest about your options.

Financial Fraud and Mis-selling FAQs

  • What are some common forms of financial fraud and mis-selling?

    Some common types of financial fraud and mis-selling include:

    • Investment products – Investment products, such as stocks and bonds, are among the financial products most commonly mis-sold. If your financial advisor did not consider your preferences and needs when it comes to risk, or if they pressured you into a risky investment without a proper explanation, you may have been mis-sold. However, please note that simply making a loss doesn’t always indicate mis-selling, as long as the risks were fully explained to you.
    • Pensions – Another commonly mis-sold investment is pensions. An example of this is when a financial advisor doesn’t consider your needs and wishes, or you were advised to transfer your pension from your employer’s fund into a SSAS (Small Self-Administered Scheme) or SIPP (Self-Invested Personal Pension). These schemes are considered a riskier investment than an employer’s pension fund. In these instances, you may have been mis-sold if you weren’t made aware of the risks or any other pension options available to you.
    • Mortgages – Mortgage mis-selling can occur when you are advised to overstate your income or borrow money without proving your income. Or, you can be mis-sold a mortgage if you are advised to switch your lender without being made aware of any fees or penalties. Finally, mortgage mis-selling can also encompass situations where you take on a fixed-rate mortgage and are subsequently advised to remortgage to a better deal, then suffer from penalties for leaving the fixed rate.
    • PCP (Personal Contract Purchase) – A PPC is a common way to purchase cars. Typically, the car retailer will also act as the financial lender, and must tell you the full details about the deal before you commit to purchase. So, if you purchase a car in this way, you may have been mis-sold if you aren’t told the full picture about the structure of the PCP deal and the repayments.

    PPI – Mis-sold PPI is one of the most commonly known cases of financial mis-selling in the UK. The deadline to reclaim any mis-sold PPI passed in August 2019, so in most cases, you now cannot reclaim it. In some cases, you may be able to take it to the small claims court, although this is not always successful. For more information, get in touch with one of our financial fraud solicitors today.

  • Can you claim for financial fraud and mis-selling?

    Yes. If you believe you have been a victim of financial fraud, your first step should be to complain to the organisation, institution, or financial advisor that mis-sold to you. This may be sufficient to get you compensation. 

    However, if you’re not satisfied with their response, you can take your complaint to either the Financial Services Ombudsman or the Pensions Ombudsman, depending on the type of financial product or service that was mis-sold. Your financial litigation solicitor will be able to advise you on the best course of action from here.

  • How can you be compensated for financial fraud?

    At Setfords, we aim to get you the compensation you deserve if you’ve been a victim of financial fraud. This compensation typically takes the form of financial recovery, aimed to help you retrieve some of the money that you have lost and back to the position you were in before you were a victim of this distressing situation. The amount of compensation you will receive will vary depending on your situation. Speak to one of our expert financial litigation solicitors today to discuss your circumstances and the amount of compensation you may expect to receive.

  • How long do I have to claim for financial fraud or mis-selling?

    Usually, under the Misrepresentation Act 1967, you have to claim within six years of the date that the financial mis-selling occurred. So, it is crucial to act as soon as you find out about the financial fraud to give your claim the greatest possible chance of success.

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Speak to a Financial Fraud Solicitor on 0330 162 0088

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