The Financial Conduct Authority has launched a criminal prosecution against a man from Surrey for operating unauthorised investment schemes between August 2008 and April 2017.
Mark Barry Starling is facing two counts of fraud and has been charged with operating, or purporting to operate, a collective investment scheme without authorisation or exemption.
Starling’s schemes claimed to carry out financial futures trading for investors.
He appeared in the City of London Magistrates’ Court on 21 August 2018. The case has been passed to Southwark Crown Court with a preliminary hearing scheduled for 18 September.
The FCA provided no details about the amount of money invested in the schemes or the number of investors involved.
The regulator said it “cannot provide any further comment or information at this time”.
