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Mon 07 Jul 2008Davy to seek review of ruling over investment misselling
STOCKBROKING FIRM Davy will this week ask the courts to review a ruling by the Financial Services Ombudsman that it mis-sold investments to a credit union, writes Barry O'Halloran.
Earlier this year, Financial Services Ombudsman Joe Meade ruled that Davy had mis-sold €500,000 worth of perpetual bonds to Enfield Credit Union. The investments' value subsequently fell.
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