The Financial Conduct Authority (FCA) has urged investors in unauthorised collective investment schemes to get in touch because they could be eligible to receive a payout.
Between 2005 and 2010, roughly 870 investors invested some £32.8m in unauthorised collected investment schemes established and operated by Countrywide Land Holdings, Regional Land and Countrywide Holdings, and Consolidated Land UK. Unregulated firm bills itself as FCA investment business These schemes sold plots of land across the UK with the promise that investors would make a significant profit when the land obtained planning permission and was subsequently sold. Following High Court cases in which the unauthorised businesses were ordered to repay investors, the FCA has recei...
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