FCA secures £290k confiscation order against convicted investment fraudster

Investors lost £3m

Sophie King
clock • 1 min read

The Financial Conduct Authority (FCA) has secured a confiscation order totalling £291,070.36 against convicted fraudster Mark Barry Starling. Starling was sentenced to five years in prison in November 2018 at Southwark Crown Court for defrauding 17 investors of almost £3m. A total 24 people, who the FCA said were his friends and acquaintances, invested in his funds. The fraudulent activity related to unauthorised investment schemes that Starling operated between 2008 and 2017, according to the FCA. The order will be used to compensate 14 of the 17 victims who lost some £1.8m in total....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

 FCA chief: No allegations of Budget leak market abuse so far

FCA chief: No allegations of Budget leak market abuse so far

Told MPs on the Treasury Committee the leak caused serious concern

Alex Sebastian
clock 16 December 2025 • 3 min read
FCA's non-financial misconduct rules 'opaque' over social media activity

FCA's non-financial misconduct rules 'opaque' over social media activity

Lack of definitions and case studies

Cristian Angeloni
clock 16 December 2025 • 2 min read
2025: Reflecting on a 'sustained wave' of regulation

2025: Reflecting on a 'sustained wave' of regulation

The FCA has issued 34 consultation papers this year

Paul Bruns & Sandy McGregor
clock 16 December 2025 • 4 min read