Pacific Continental Securities was possibly the UK's most notorious firm of stockbrokers. Its team of young salesmen used high-pressure tactics to lure clients into buying shares that for most investors were almost a guaranteed route to financial ruin.
After a wave of complaints, the Financial Services Authority finally banned the firm from taking on new business last year. Pacific Continental went bust shortly afterwards.
But as hapless investors lost their savings, the brokers raked it in.
Today a former broker at Pacific Continental reveals how he was encouraged to make false and misleading claims to sell shares - and warns that many of his former bosses and colleagues have now moved to other City firms. Innocent individuals, he claims, are still being plagued by the same high-pressure sales tactics used to sell ultra-risky stocks. More...
See also: Did you know that you could double your money by marinating it!!!
And this: Are European MPs making tons of money for doing nothing?
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