UK regulator warns firm ‘may pose significant risks’
There is a ‘potential lack of regulatory protection’ for consumers
Unauthorised
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Unauthorised share scheme to refund £3.6m to victims
Following high court order which deemed promotion of the products ‘unlawful’
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Disgraced adviser admits perverting course of justice
A financial adviser who funded a lavish lifestyle from investments in an unauthorised collective investment scheme has admitted perverting the course of justice.
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Adviser gets extra prison time for failing to repay investors
A financial adviser who funded a lavish lifestyle from investments in an unauthorised collective investment scheme has had an extra 603 days added to his prison sentence for failing to comply with a court order to repay investors.
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FCA issues 7 scam alerts on unregulated firms in a week
The UK’s Financial Conduct Authority (FCA) has blacklisted a number of firms it believes are providing financial services without authorisation.