Fintech group under investigation in Singapore
Regulator and police force jointly looking into possible regulatory breaches
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
Regulator and police force jointly looking into possible regulatory breaches
They misled investors and misappropriated £3m in funds
Investors and creditors urged to provide details of their claims
70 investors were promised returns ranging between 7% and 16.9%
While administrators force company’s marketing unit into insolvency to recoup losses
Company was promoting and advising clients on structured notes which was outside its licence
It comes after a group of LCF investors launched a crowdfund campaign to challenge the FSCS
Equity Income fund investors get further details on first distribution payment
As Neil Woodford is fired and his flagship fund to wind up
Smith & Williamson lifts the lid on what administrators do when companies enter insolvency
Forestry fund owes millions of pounds to its lender after it declared default in 2017
Southampton-based company mislead clients by purchasing only 21% of the wine promised