FOR SUSTAINABLE, PROFITABLE, CLIENT-FOCUSED ADVISER FIRMS
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Client placed £150,000 into fund which was eventually wound down
Investors lost £30m
Unregulated collective investment schemes
Paid £39,000 'deposit'
Part of up to £66m in compensation to investors
Nearly 80% of SIPP invested in UCIS
85% of pension fund in UCIS
Sentenced to 16 months
Fined and banned by FSA in 2012
Fraudsters cold-called investors