The regulator has started High Court proceedings against two men and their firm over links to a failed unauthorised collective investment scheme (UCIS) which saw investors lose at least £30m.
The Financial Conduct Authority (FCA) alleged Robin Forster and Richard Tasker, along with firm Fortem Global, carried out unauthorised activity in relation to the care home investment scheme which raised £50m in the past four years. The regulator said it would seek "injunctions and restitution for investors". It added Forster has already had his global assets frozen pending judgement in the case. He has also been barred from promoting the scheme and further sales have been halted. The FCA said the unauthorised schemes were established and operated by two of Forster's companies whi...
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