FCA secures interim restitution order against illegal deposit takers

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FCA secures interim restitution order against illegal deposit takers

The UK's Financial Conduct Authority (FCA) has secured an interim restitution order of just over £676,000 against 5 of the 7 defendants accused of carrying on unauthorised deposit taking by accepting money for projects including forex-trading and crypto-assets without FCA authorisation. Justice Bacon ordered that Bright Managment (sic) Solution Limited, Mr Hussain, Mr Kahhar and Mr Miah were jointly and severally liable for repaying money to members of the public who invested.  A further d...

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Author spotlight

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.