Australians - use the Financial Ombudsman Service to hold your bank accountable

Burnt

Private, 1st Class
Messages
29
Hey Tolly, by any chance your case was a a lady? I just re-read your points on the Ombudsman reply and it is almost exactly what my case manger had said to me.
 

bigdolly

2nd Lieutenant
Messages
1,059
Ombudsman is probably helpless when it comes to forex trading. Broker agreements are always tricky and leave almost no chance to get your money back
 

oscarra

2nd Lieutenant
Messages
1,237
Ombudsman is probably helpless when it comes to forex trading. Broker agreements are always tricky and leave almost no chance to get your money back

Ah, I seen quite some people getting their funds back thanks to Financial Ombudsman services, and if you read the below decision you will notice Broker’s agreements T/C must be fair .

https://www.forexpeacearmy.com/comm...-thinktwice-before-you-trade-with-them.53572/

some further good news

https://financefeeds.com/time-recourse-retail-customers-comes-uk-via-high-street-bank/
 

scott11

Recruit
Messages
157
Although I am not from Australia, I find this article and info provided very interesting. It shows me that basic idea behind crypto market as first really free and deregulated market probably would not be feasible to sustain, due to all scammers around it. What is your opinion on that?
 

SanioTire

Recruit
Messages
52
Thanks Oscarra for sharing your opinion on this forum. I also think that there is no possibility that crypto market would be left unregulated by government of many countries. And, I think that it would be mostly due to possibility of tax evasion through investments in crypto
 

oscarra

2nd Lieutenant
Messages
1,237
And, I think that it would be mostly due to possibility of tax evasion through investments in crypto

No tax evasion in the above article

“The money, police told him, travelled through the account of 'a small bank in Birmingham' before being sold on as cryptocurrency, passing through 15 further accounts and ending up in Ukraine.”

Evidently the money travelled without any ownership :rolleyes:

https://www.thisismoney.co.uk/money...g-paves-way-bank-scam-victims-money-back.html

“ However, the rules are not crystal clear and it is likely there will be many grey areas. So if you are unsure it is always worth referring your complaint to the Ombudsman. It is a free service so you have nothing to lose.”

One may wonder why Rules are never clear when it comes to consumer protection
 
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