Rebus Investment Solutions, a company which helps investors recoup losses from complex investments which they argue they have been mis-sold, has secured £750,000 of compensation on behalf of five clients invested in a carbon credit scheme.
Rebus, which is currently pursuing action on behalf of about 500 clients against 90 advisers, has described the successful claims as the "tip of the iceberg". The firm is expecting to recover between £1.5m and £7.5m worth of investor capital over the next six to nine months. Of the money recovered, £650,000 relates to six clients of Anthony Clark, an adviser and director of Archer Bramley. According to Rebus, Clark was found by Financial Ombudsman Service (FOS) to have promoted the Carbon Trading Partnership, an unregulated collective investment scheme (UCIS), to clients without co...
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