Thu, May 20, 2021

Man Charged for Carrying Out Regulated Activities Without Authorization

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The FCA has charged a man, who appeared at Westminster Magistrates’ Court, in relation to running a business with the intention to defraud creditors and carrying out regulated activities such as advising on investments without FCA authorization.

Between January 2008 and July 2019, the FCA believes the man had provided advice on investments and invested deposits received from clients on their behalf. The man allegedly had informed his clients that the money they deposited into his business would be used to invest in a certain way, however, this was not always the case.

The plea and trial preparation hearing will take place on 17 June 2021 at Southwark Crown Court.

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