UCIS
Wealth managers
A compliance officer has received a partial prohibition from the Financial Services Authority (FSA) for failing to prevent unregulated collective investment scheme (UCIS) mis-selling by one of his firm's directors.
17 August 2012
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Wealth managers
The FSA has prohibited a former financial adviser from performing any regulated activities for failings related to unregulated collective investment schemes (UCIS).
10 August 2012
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Financial services
The FSA has sent letters to IFAs demanding information on their advice around, and dealings with, unregulated collective investment schemes (UCIS) for retail clients over the last four years.
22 June 2012
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Specialist
The Connaught Asset Management board has proposed winding up the suspended Connaught Income Series 2 offshore fund.
14 June 2012
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Financial services
The Financial Services Authority (FSA) has fined an independent financial adviser £60,000 for the unsuitable sales of Unregulated Collective Investment Schemes (UCIS) and other non-mainstream investments.
30 May 2012
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Financial services
The Financial Services Authority (FSA) must issue a consultation paper on advisers' use of unregulated collective investment schemes (UCIS) as a matter of urgency, according to financial services consultancy Aim Two Three.
04 April 2012
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Investment
Connaught Asset Management has suspended redemptions from its Connaught Income Fund Series 1 after a review flagged the possibility that some of the fund's loans may be under-secured.
13 March 2012
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Financial services
A firm has been fined £97,600 by the Financial Services Authority (FSA) for mis-selling unregulated collective investment schemes (UCIS), some of which have since wound up resulting in potential investor losses.
15 February 2012
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