A group of companies which conned investors out of £2m in an investment scam has been ordered to be wound up by the High Court.

Marc Jones, an IFA from Cardiff, has undertaken nine years of bankruptcy restrictions after failing to provide services to customers.

An investment adviser has been given an eight and half year prison sentence and banned as a director for 10 years after conning England and Chelsea footballer Gary Cahill out of £800,000.

The FCA and the Insolvency Service have signed a joint Memorandum of Understanding which commits the two organisations to increased collaboration.