Colonial Capital Bonds was an investment scheme involving property in Chicago. The idea was to buy and renovate old houses and sell them to lower income earners. However, this did not materialise, and the company went into administration in 2016.
Investments like this are incredibly high-risk and whilst they can offer great returns, the gamble on potentially losing your money is one that should only be taken by those who can afford it.
Unfortunately, many investors who were not suitable because they couldn’t afford the losses or lacked the expertise required with high-risk investment, still ended up in schemes like this.
How? – Mainly as a result of poor or negligent financial advice.
Whilst you can’t do anything about the performance of an investment, you may be able to claim compensation if you received advice from a regulated company or adviser and it wasn’t in your best interests.
Whilst each case is individual, as mis-selling specialists we know to look for certain signs that in our experience indicate that mis-selling may have happened.
Our assessment is free and there’s absolutely no obligation to use our service if you have case.
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You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.
We will not make or pursue a claim, or advise you to, if we know or have reasonable grounds to suspect that the claim does not have a good arguable basis, and or is fraudulent or frivolous.