UCIS

United Kingdom | 1 Jun 15

Eight fraudsters face a combined total of 26 years’ imprisonment after the UK’s Financial Conduct Authority found they lost over £4.3m of investors’ money in their unauthorised collective investment scheme (UCIS).

Companies | 5 Feb 15

A financial adviser has won a long-standing battle against deVere UK to return £190,000 to his clients after the multi-national advisory firm mis-sold high-risk products.

Companies | 23 Oct 14

An IFA who is currently employed by Holborn Assets in the UAE is facing a ban and £290,344 fine in the UK, after the FCA found he “recklessly” recommended high-risk investment products to clients.

United Kingdom | 29 Aug 14

The Financial Conduct Authority has fined and banned an IFA for life after he was found to have sold unregulated funds to retail investors.

United Kingdom | 28 Jul 14

The Financial Ombudsmen Service (FOS) has upheld a complaint against SIPP provider Berkeley Burke for failing to meet FCA guidelines over a collapsed £29,000 unregulated collective investment scheme, the first time a provider has been held accountable in such circumstances.