FCA hits London adviser with £350k fine for mis-selling UCIS

Craig Cameron of Burlington Associates was found by the regulator to lack honesty and integrity in relation to the promotion of three UCIS to retail investors. Tracey McDermott, director of enforcement and financial crime at the FCA, said: "Cameron deliberately flouted regulatory requirements, which were designed to safeguard retail investors, in favour of selling high risk UCIS for potentially lucrative gains. "The UCIS have failed and the investors, many of whom should never have been exposed to these high risk investments in the first place, have paid a heavy price for his actions....