A group of 201 Australian investors successfully filed a class action lawsuit against Brighton Hall Securities to recover funds lost by the firm.
The company, which has since gone bust, recommended a Westpoint Group property investment scheme that collapsed in 2005.
Nearly A$1.5m (£806,000, $1.1m, €937,000) has been returned to the 201 individuals – but it is not known how much they invested.
It was one of 19 civil cases brought by the Australian Securities and Investment Commission (Asic) on behalf of investors and financial advisers who recommended the scheme.
In total, some 4,000 investors lost A$388m at the hands of Brighton Hall.
Clients were able, overall, to get between A$160m and A$170m from the A$388m originally invested thanks to the class action, Asic’s actions, recoveries from liquidation and from the companies not in liquidation.
