FCA orders Blue Gate Capital to pay Connaught investors £200k

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FCA orders Blue Gate Capital to pay Connaught investors £200k

The FCA has publicly censured Blue Gate Capital and ordered it to pay £203,007 in restitution to investors who lost money investing in the Connaught Income Fund, Series 1.  The fund, also formerly known as the Guaranteed Low Risk Income Fund Series 1, is in liquidation.  Mark Steward, executive director of Enforcement and Market Oversight said: "FCA-authorised operators of funds are expected to undertake sufficient due diligence on the funds they operate. In this case, significant and s...

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.