The Financial Services Authority is considering introducing rules to protect consumers who invest in risky commercial property funds.
Sir Howard Davies told an industry conference there was ample scope for retail investors to fail to understand the risks involved.
He said such investments were sold as low-risk but your blue-chip corporate may turn out to be the next high-profile corporate failure…
References: Financial Times 12/02/03 page 2, The Guardian 12/02/03 page 24, The Times 12/02/03 page 26 (Need to know), page 30, The Independent 12/02/03 page 24
