£15m UCIS firms to pay restitution to consumers

The High Court has consented to an order by which UCIS firms and directors will pay funds to the FCA for distribution to investors.

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FCA freezes investment firm after £1m taken from investors

The FCA has won a High Court case against a company running an unauthorised investment scheme which took £1m from investors and promised a 6% return.

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UCIS man gets 6 months for contempt of court

The High Court has sentenced a man involved in four Unauthorised Collective Investment Schemes (UCIS) which lost investors £15m to six months in prison after he diverted assets which could have been used to repay investors.

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FCA plans to return £2.5m to UCIS 'land banking' victims

The Financial Conduct Authority has urged people who invested in a number of unauthorised collective investment schemes (UCIS) involving ‘land banking’ to come forward to claim a possible refund from a £2.5m pot.

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