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FCA secures two orders to return cash to investors in relation to unauthorised investment arrangements and advice

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Published on: 18 May 2023

Published by LNB News

LNB News 18/05/2023

Document Information

Issue Date: 18 May 2023

Published Date: 18 May 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has announced that it has secured two orders to return over £130,000 to victims of unauthorised investment arrangements and advice. Members of the public who invested in an unauthorised collective investment scheme established and operated by Synergy Land Group Limited, between late 2009 and May 2011, will now receive money back after the High Court granted a distribution order to the FCA. The second order relates to 24HR Trading Academy Ltd which provided unlawful contracts for difference (CFDs) forex trading promotions.

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