Financial advisers at the now banned David Aaron Partnership have been potentially already relicenced by the Financial Services Authority to give advice again.
Our view
Great - hardworking financial advisers such as ourselves pay into the financial services compensation scheme to bail out "failed firms". A few months later the people who ran these firms pop up re-authosed having "dumped" there mis-selling compensation liabilities, in D Aaron's case thousands of "precipice investements" losses, start to trade again under a new name.
We are left with a huge whole in our bank account having had a five fold increase in financial services compensation scheme levy to pay for things like this.
This is financial rape!