In recent years, many ordinary people have suffered substantial financial losses on their investments, especially (though not limited to) managed investment or debenture schemes. Depending upon your stage in life, that may even mean that your prospects of a comfortable retirement have been lost or substantially diminished.
Of course, some of those losses may be due to investment or market circumstances.
But to the extent that losses have been suffered because of the scheme operator’s lack of care and diligence or not following the rules and laws governing the scheme, or as a result of negligent financial advice, the investors may have a viable claim against the contravening scheme operator, the scheme’s auditor, or financial adviser.
Although ASIC is the corporate regulator, it does not take an active role in seeking to recover investors’ losses. Rather that task belongs to the individual investors themselves.
Individual investors do not ordinarily have the necessary knowledge and resources to pursue a claim. That is where Investors Action Group Association (IAGA) comes into the picture – to assist you and other similarly affected investors in joining together to form an Action Group, with a view to investigating and pursuing your claims to recover your investment losses.
If you believe that IAGA can be of assistance to you, please contact us at : IAGA@investorsactiongroup.com.au