FCA Calls On Victims Of Investment Scam To Come Forward

Law360, London (October 3, 2019, 6:21 PM BST) -- The Financial Conduct Authority on Thursday called on victims duped out of over £1.4 million ($1.7 million) in a health care investment scam to come forward so that it can apply to a London court to compensate them after winning two confiscation orders.

The City watchdog said it will apply to Southwark Crown Court to pay back victims who bought practically worthless shares in Symbiosis Healthcare PLC. The FCA called on victims of the scheme to contact it by the first day of November as it said the court will only hear applications for compensation before Nov. 21.

“The FCA has...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS