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UK: FSA announces tighter control on selling of fine wine investments

UK: FSA announces tighter control on selling of fine wine investments

UK: FSA announces tighter control on selling of fine wine investments

Sep 4, 2012 , by 6
(TheDrinksBusiness) - The UK’s Financial Services Authority (FSA) has announced stricter regulation on the selling of investments such as fine wine to clients with limited knowledge and money. Following a spate of wine investment funds that have gone bust owing investors millions of pounds out of pocket, the FSA has stated that as of next year, advisers can only target clients with the necessary capital and knowledge.


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