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Why The Financial Ombudsmen Services Are Not Able To Fulfill Their Investor Protection Mission!
The Markets in Financial Instruments Directive (MiFID 2) is a set of regulations designed to harmonize financial markets and ensure that investors are protected across the EU. One of the key components of MiFID is the establishment of financial ombudsmen, designed as independent dispute resolution services to efficiently help consumers and financial firms resolve complaints and disputes. In reality, these ombudsman services frequently side with financial firms.