Fais Ombud closes 1 000 property syndication complaints without adjudicating them

Fais Ombud closes 1 000 property syndication complaints without adjudicating them

The Office of the Ombud for Financial Services Providers (Fais) has thrown in the towel and is closing more than 1 000 active property syndication complaints without adjudicating them. The office is now writing letters to the complainants informing them that it has determined that these complaints are more appropriately dealt with by a court.

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