The Weekly Law Reports
[1995] 3 WLR 289
[HOUSE OF LORDS]
REGINA v. INVESTORS COMPENSATION SCHEME LTD., Ex parte BOWDEN AND ANOTHER
[On appeal from REGINA v. INVESTORS COMPENSATION BOARD, Ex parte BOWDEN]
1995 May 22,
23,
24;
July 13
July 13
Lord Keith of Kinkel, Lord Browne-Wilkinson, Lord Lloyd of Berwick, Lord Nicholls of Birkenhead and Lord Steyn
Financial Services
— Compensation
— Statutory scheme
— Investors suffering losses as result of advice given by broker in contravention of Act
— Moneys received and expended in reliance on soundness of investment
— Whether recoverable
— Whether limit on professional fees incurred in mitigating loss lawful
— Whether elements not essential for fair compensation to be excluded from investors' claims
—
Financial Services (Compensation of Investors) Rules 1990, r. 2.04