UAE investment firm and director fined over $4.7m
After making false claims of being authorised to carry out financial services
After making false claims of being authorised to carry out financial services
It was an ‘appalling exploitation of relatively unsophisticated investors’
They are in ‘real danger’ of letting the FCA’s deadline pass them by
But urges relatives of deceased bondholders to come forward
Many principal firms ‘do not adequately oversee’ their activities