Holborn IFA faces ban and 290k fine in UK
An IFA who is currently employed by Holborn Assets in the UAE is facing a ban and £290,344 fine in the UK, after the FCA found he “recklessly” recommended high-risk investment products to clients.
UCIS
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FCA fines and bans broker over dishonest UCIS
The Financial Conduct Authority has fined and banned an IFA for life after he was found to have sold unregulated funds to retail investors.
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SIPP provider ordered to pay UCIS compensation
The Financial Ombudsmen Service (FOS) has upheld a complaint against SIPP provider Berkeley Burke for failing to meet FCA guidelines over a collapsed £29,000 unregulated collective investment scheme, the first time a provider has been held accountable in such circumstances.
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fca reveals details of Ucis marketing ban
Enterprise investment schemes, venture capital trusts and ETFs are among the fund structures exempt from the Financial Conduct Authority's ban on the marketing of Unregulated Collective Investment Schemes (Ucis) to retail investors, much to the relief of industry experts.
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Arrest made after UK regulator probes UCIS sales
An unnamed person was arrested in the UK today for suspected involvement in an UCIS.
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Authorised or regulated
Jonathan Gain of Stellar AM explores the differences and benefits of unregulated investment schemes.