The High Court today ordered the repayment of nearly £17m invested in four Unauthorised Collective Investment Schemes following legal action from the FCA.

UCIS fraudster Alex Hope was sentenced today at Southwark Crown Court to an additional 16 months in prison for perverting the course of justice.

The FCA says the dangers of binary options investment fraud are growing with over £87,000 lost to binary options scams every day in the UK.

The FCA has today fined Interactive Brokers (UK) (IBUK) £1,049,412 for failing to identify suspicious transactions in its post-trade systems and controls from February 2014 to February 2015.