A company offering a binary options trading platform to investors has been successfully shut down by the Insolvency Service at Manchester District Registry after investors lost £350,000.

Two companies have been placed in provisional liquidation following an investigation by Company Investigations Unit of The Insolvency Service.

A financial adviser has been handed the maximum bankruptcy restriction order of 15 years.

A firm selling ‘alternative investment’ products, including ‘fancy coloured’ diamonds, to investors including a number of vulnerable people such as a dementia sufferer, has been ordered into liquidation.