"I think it is shocking that financially naive people are being ripped off in this way. These are not usually greedy folk, they are often, as your article implies, desperate to find a way of earning a living. The fee they will be asked to pay is exorbitant and the on-going training non-existent."
- Peter Ryan, via website
"I have not experience property swindles but I am not surprised that these scams are taking place. I am surprised just how lax the regulations are that allow people to trade in what is basically a fraudulent way and make false or exaggerated claims targetting the vulnerable and naive. Whilst I agree that you cannot legislate for stupidity etc I think people are entitled to feel that claims made by these so called "education companies" are honest and do not mislead. And the test I would apply is that if it is likely to mislead then it should be stopped, even if weasle words are used to make it technically acceptable...These people need to be stopped and the IC could do a lot of good by applying pressure to politicians and the FSA to clamp down hard on them..."
- Ken Hetherington, via website
"People who run these seminars should be regulated. Any seminar that purports to give out financial advice should fall under the FSA. I think it is a disgrace that crooks should continue to squeeze money out of people and lead them into bad financial decisions. Having been a landlord I have seen many of the pitfalls over the years. It can be very profitable but you need to know what you are doing and get the timing right."
- via website
