UCIS

A Court of Appeal ruling about what constitutes a collective investment scheme has raised questions about the status of Harlequin that could cast further doubt on its suitability for retail investors.

Investors in a suspended unregulated fund have been offered the chance to get some of the £120m they invested back, by one investor who wants to buy their shares.

Financial advisers will be held liable for losses suffered by clients in relation to three Stirling Mortimer funds if misselling can be proven, the Financial Services Compensation Scheme (FSCS) has said as it started processing claims.

The Serious Fraud Office (SFO) has opened a criminal investigation into an alleged fraud involving investments in teak plantations in Brazil.

Two firm directors who lost investors about £60m in a scheme the Serious Fraud Office (SFO) branded "an elaborate scam" have had their sentencing postponed following fresh allegations made at the eleventh hour.

An adviser has finally secured the return of £190,000 to his clients after a two year battle over unsuitable advice with one of the world's largest IFAs.

An IFA has launched a petition calling on the Financial Conduct Authority (FCA) to ban unregulated collective investment schemes (UCIS) outright.

Three men have been convicted of fraud as part of the Serious Fraud Office's (SFO) investigation into a £23m 'green' energy investment.

The liquidated Connaught fund is to sue its former authorised corporate directors on behalf of a group of investors, investment platforms and the trustee of a unit trust.

A network is planning to test its independent advisers' knowledge on unregulated collective investment schemes (UCIS), and if they fail, will ask them to become restricted.