£15 million
recovered by Oakwood Solicitors for clients since 2019
£26.5 billion
paid out by the FSCS to 6.5 million customers of failed financial firms
£471 million
in compensation claims estimated by the FSCS in 2023/2024
Oakwood Solicitors Ltd specialises in Financial mis-selling claims. We have a Financial Litigation team dedicated to assisting clients who have lost money as a consequence of negligent advice in relation to a financial product, such as a pension or an investment.
What went wrong with Blue Index Ltd?
Blue Index Ltd (Formerly CFD Direct Limited) was an investment advisory brokerage focusing on advice relating to Contracts for Difference (CFDs).
In 2009 the Directors of Blue Index were charged and jailed for insider trading. The company was also forced to close by the regulator. Whilst some individuals made a profit there is no doubt many have lost thousands of pounds following the advice and recommendations made by Blue Index Ltd.
Have you been affected?
1. Did you trade CFD’s on the advice of Blue Index?
2. Did you fail to see a return of your investment?
3. Did you come out with less than you originally investment?
If you have answered yes to any the above questions, please contact Oakwood Solicitors urgently as we may be able to help!
What is CFD Trading?
CFD trading is a short-term investment model that allows traders to speculate on the price volatility of a particular asset, commodity or index without having to actually purchase the underlying security.
We have a dedicated page on CFD Trading here, should you need more information.
What should you do if you received advice from Blue Index?
Contact Oakwood Solicitors free of charge today. We will assess your claim over the phone and provide you with an immediate decision on whether we can assist you in making a claim.
How long does a claim take?
There are a number of features that will impact how long a claim may take to conclude. These include the complexity of the case, whether the claim is against an active adviser, the Financial Ombudsman or the FSCS, and whether liability is admitted or denied.
If liability is admitted, then the claim process is much shorter, and we would expect a claim to be concluded within 3-6 months. Alternatively, if liability is denied and the claim must be issued at court then the claim can take between 12-18 months depending on the availability of the court.
If the claim is been made against the FSCS then we would expect the claim to be concluded within 6 months.
As each case is unique it is difficult to provide a generic timeframe for conclusion of the claim however Oakwood Solicitors will give you an indication of how long your claim is likely to take to conclude as part of our initial review.
How much will a claim cost?
We operate on a Damages Based Agreement (“DBA”) more commonly known as a ‘no-win, no-fee’ agreement. If we fail to secure you a settlement, you will not be charged.
How much compensation will I receive?
If you have a viable claim, then you will be able to recover compensation equivalent to the losses that you suffered. In addition, you can also recover the commission fees and charges that Blue Index deducted from your account.
If you lost £10,000 then you will receive £10,000* in compensation. (*minus Oakwood Solicitors Ltd‘s fees)
Why choose Oakwood Solicitors Ltd?
Provide us with some information about your pension transfer and we will advise you if you have a viable claim. There is absolutely no obligation to proceed. You can provide information or get in touch by:
Danielle joined the firm as a Paralegal in 2011 and qualified as a solicitor in October 2014. She has acquired extensive experience in high value, complex litigation traversing numerous practice areas.
Danielle is a specialist in financial mis-selling matters with a particular interest in pensions and investments.
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