Investors Beware


P

pladecalvo

I would like to warn investors about 'The Premier Diversified Propert
Fund'. I have had £20,000 invested with this shower for over 8 year.
have been trying to withdraw the investment for three years and I am me
with a continued refusal to release my money. They keep that they don'
have the money to pay out to investors without selling their propertie
but when they do sell property they use the money to pay off their ban
loans.

Keep away from them folks
 
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R

RobertL

I would like to warn investors about 'The Premier Diversified Property
Fund'. I have had �20,000 invested with this shower for over 8 year. I
have been trying to withdraw the investment for three years and I am met
with a continued refusal to release my money. They keep [saying]that they
don't have the money to pay out to investors without selling their properties
but when they do sell property they use the money to pay off their bank
loans.
Keep away from them folks.

Their website says the following and will not let you enter until you acknowledge reading it.


Investors are not protected by statutory compensation arrangements and the Isle of Man Financial Supervision Commission does not vouch for the financial soundness of the Fund or for the accuracy of any statements made or opinions expressed about it.

Requirements which may be deemed necessary to protect retail or non-qualifying investors do not apply to qualifying type experienced investor funds. By signing the declaration contained in the application form, you confirm that you are a "qualifying investor" and accept the reduced requirements, or the absence of requirements, accordingly.
 
P

pladecalvo

RobertL;103281 said:
Their website says the following and will not let you enter until yo
acknowledge reading it


Investors are not protected by statutory compensation arrangements an
the Isle of Man Financial Supervision Commission does not vouch for th
financial soundness of the Fund or for the accuracy of any statement
made or opinions expressed about it

Requirements which may be deemed necessary to protect retail o
non-qualifying investors do not apply to qualifying type experience
investor funds. By signing the declaration contained in the applicatio
form, you confirm that you are a "qualifying investor" and accept th
reduced requirements, or the absence of requirements, accordingly.Thanks. A good lesson in... be sure to read even the tiniest print an
don't trust the broker. The broker certainly didn't tell me that an
what I do remember is telling him that I didn't want any 'high risk
investment. I just don't have that kind of money to risk so had I bee
told it was high risk I would have run a mile
 
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D

David Woolley

pladecalvo said:
don't trust the broker. The broker certainly didn't tell me that and
what I do remember is telling him that I didn't want any 'high risk'
investment. I just don't have that kind of money to risk so had I been
told it was high risk I would have run a mile.
The broker would only need to give you that warning if they were doing
execution only (and probably only if they didn't know whether you could
be treated as a "seasoned investor").

If they gave you advice, your issue is with them.

The warning is associated with direct investments, which cannot be sold
to the general public, except through an IFA. People with investments
above a certain level are allowed to take their own risks, as the large
investment is interpreted as meaning that they can tolerate losses and
are familiar with the risks.
 

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