Six months for contempt of court
Part of up to £66m in compensation to investors
All convicted last year
FOS rules execution-only not valid
The Financial Ombudsman Service (FOS) has warned an increasing number of advised clients are reviewing their investments in unregulated collective investment schemes (UCIS) with a view to making a complaint.
Another person has been jailed for his role in running a "subtle and cruel" unauthorised collective investment scheme (UCIS) which lost investors a total of £4.3m.
Eight men have been convicted for their roles running an unauthorised investment scheme which lost 110 investors more than £4.3m.
The Financial Conduct Authority (FCA) has banned and fined a financial adviser for making unsuitable recommendations of high-risk and often unregulated investments.
Why investors need to be more 'patient and realistic'
Investors in failed fund Connaught who are trying to claw back some of their losses must wait longer in limbo as the regulator admits it has still not brokered a deal to secure them redress.
The Serious Fraud Office is investigating an allegation of fraud against a number of investment funds operated by Stirling Mortimer Global Property fund.
The number of complaints from self-invested personal pension (SIPP) savers dealt with by the financial Ombudsman rose almost 50% last year, with most gripes linked to recommendations to invest in unregulated investment schemes, according to a report....
The Association of Investment Companies (AIC) is putting together a list of shares and securities independent advisers can continue to recommend after restrictions on their use of higher-risk unregulated investments come into force next year.
The restructure of the suspended EEA Life Settlements fund has been delayed until the regulator receives the company's delayed audited accounts for 2012.
The Financial Conduct Authority (FCA) has banned and imposed fines of £28,000 each on two individuals for failings related to the sales of unregulated collective investment schemes (UCIS) to some 800 investors.
The chairman of the suspended EEA Life Settlements fund has written to investors after its auditors said the fund is worth $100m less than the value stated in the company's annual update.
What happens when the tap is turned off? UK equities posted their 12th consecutive month of gains in May, but our most read stories at the start of June suggest investors will be increasingly nervous in the months ahead.
The Financial Conduct Authority (FCA) has banned the sale of unregulated collective investment schemes to ordinary retail investors.
The Financial Conduct Authority (FCA) has confirmed it is delaying the publication of final rules governing the sale and promotion of unregulated collective investment schemes (UCIS), saying it remains unclear on some issues and must be allowed time to...
The Financial Conduct Authority (FCA) has delayed the publication of its final rules and guidance on unregulated collective investment schemes (UCIS) until June.
THE CONTRARIAN INVESTOR