Almost half of some 154 investors in Harlequin Property surveyed said they had been told that their investments were “low risk” at the time they made them, according to Regulatory Legal, a law firm which is representing a number of disgruntled Harlequin investors.
Marcus Killick, who has been chief executive of Gibraltar’s Financial Services Commission for the past decade, is to step down later this year.
With new requirements for advisers set to take effect in Jersey next year, the Chartered Institute for Securities & Investment has published details of which of its qualifications meet the new standards.
Mike Lightfoot, a well-known figure in Guernsey’s QROPS industry during the island’s rapid rise to prominence as a QROPS jurisdiction ahead of last April’s unexpected removal of 310 out of its 313 schemes by HMRC has been named operations director at First National Trustee Co.
The Singaporean government has passed two Bills aimed at strengthening investor protection and increasing the Monetary Authority of Singapore’s powers of enforcement, as it seeks to emulate regulators in Australia and the UK.
