FCA to return £2.5m to UCIS ‘land banking’ victims

 

The Financial Conduct Authority has secured High Court approval to return £2.5m to victims of a series of unauthorised collective investment schemes (UCIS).

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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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FSA secures consumers protection from unauthorised land banking

The Financial Services Authority has secured interim injunctions and freezing orders from the High Court against, among others, St Clair Estates Limited, OFG Investments Limited, Option Land UK Limited and GIG Properties Limited. Read more...
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