Lachlan* and his partner sought advice from a licensed financial advisor which resulted in the loss of their entire life savings. Through poor financial advice and severe misconduct, the couple suffered severely both financially and emotionally. 

Whilst still heartbroken, the pair have expressed immense gratitude for the CSLR, as the scheme has now given them some hope and financial stability back into their lives. 

“We lost our life savings as a result of very poor financial advice and misconduct. We relied on the licensed Financial Advisor to provide sound investment strategies but in the end the strategies they recommended turned out to be a conflict of interest (while not in our best interests), and feathering their own nests! 

 

The loss had a significant and detrimental impact on my partner and I because it was virtually our whole life’s savings wiped out! It also caused a rift in our relationship with ongoing stress and anxiety. It was and continues to be a very dark period in our lives.

 

It means a tremendous thing to us to receive compensation from CSLR. While it’s not as much as our original losses we are still very grateful that we’re able to receive this money.

We were heartbroken when we were informed that the financial firm went into liquidation and thought we’ve lost everything, but the CSLR has now given us some hope and financial stability back into our lives.”

*Name changed for privacy