A Claims Management Company

Mis-Sold investment - Blue Ocean Financials

Latest update:

Case Points

Total amount invested

Unknown

Why did people invest in it?

The firm stated that they were “building an enviable reputation specialising in secured growth”.

Why was it mis-selling?

The firm claimed to offer “guaranteed income options for pensions and investments”, which is something that should never be offered by a firm as no investment is without risk.

Potential value of cases

Unknown

Summary

Blue Ocean Financial Services was a firm of Financial Advisors based in Maidstone, Kent. They were founded in 2002, and were regulated by the FSA between 2010 and 2013, before moving to regulation by the FCA from April 2013 until July 2016. They were authorised under FRN 526077.

The firm lost authorisation to act from the FCA on 22nd July 2016, and was then dissolved on 15th November 2016. In July 2017, the FSCS that Blue Ocean Financial Services was in default, meaning that from this point onwards, their clients could apply to the FSCS for compensation. It should be noted that Blue Ocean claimed on their website in 2013 that they could offer “guaranteed income options” for “pensions and investments”, which is often regarded as a textbook mis-selling case.

You are likely to have a potential claim on the basis of advice from a regulated firm. The claim above is only an example of a potential claim. Each claim is judged on its individual merits and as such, we cannot guarantee that your individual claim will be successful or that you indeed may have grounds for a claim.

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