Adviser to pay out for second time over UCIS investments
- Thursday, 18 February 2021
- Articles
Financial advice firm Professional Financial Services (PFS) has been ordered by the Financial Ombudsman (FOS) to pay out after advising a client to invest in an unregulated collective investment scheme.
Read more...FCA to return £2.5m to UCIS ‘land banking’ victims
- Tuesday, 14 January 2020
- Articles
The Financial Conduct Authority has secured High Court approval to return £2.5m to victims of a series of unauthorised collective investment schemes (UCIS).
Read more...£15m UCIS firms to pay restitution to consumers
- Wednesday, 10 July 2019
- Articles
The High Court has consented to an order by which UCIS firms and directors will pay funds to the FCA for distribution to investors.
Read more...FCA freezes investment firm after £1m taken from investors
- Wednesday, 22 May 2019
- Articles
The FCA has won a High Court case against a company running an unauthorised investment scheme which took £1m from investors and promised a 6% return.
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