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Vedanta Hedging client awarded Settlement for swap mis-selling

Although Vedanta Hedging has been party to many settlements involving mis-sold derivatives, the overwhelming majority of these have strict confidentiality clauses attached to them.

On this rare occasion, one of our clients achieved a settlement with their Bank, but did so via a legal Part 36 offer, meaning that the details cannot be made confidential.

Lex Law Solicitors, a QC Barrister and Vedanta Hedging worked in a team to assist the Khashgi family achieve more than £1.2m of redress after they were mis-sold a complex swap.

Crucially, this family were excluded from the FCA IRHP Review, and had to resort to a legal challenge, even though they should be exactly the type of SME the FCA Review is designed to assist.

The Times writes about this below:

Vedanta Hedging client in The Times

 

Times Article 14th Oct 2013 – Vedanta Hedging

Nadia Patel

Nadia has a degree in Business Management and a Diploma for Financial Advisers (Level 4). She has ten years of experience in financial services. This includes FSA regulated adviser roles in HSBC, Halifax and Nationwide. As senior manager at Vedanta Nadia is responsible for managing the office, client contact and marketing for the business.

Nadia Patel

Nadia has a degree in Business Management and a Diploma for Financial Advisers (Level 4). She has ten years of experience in financial services. This includes FSA regulated adviser roles in HSBC, Halifax and Nationwide. As senior manager at Vedanta Nadia is responsible for managing the office, client contact and marketing for the business.