The Financial Services Compensation Scheme has declared mini bond-linked firm Equity For Growth (Securities) (EFG) in default.
The corporate finance firm was found in default on 15 July following an investigation into investments arranged by EFG and its appointed representatives. EFG hosted five appointed representatives between October 2015 and June 2020. During this period, EFGs business activities were commonly undertaken through its appointed representatives, including Osborne Baldwin, trading as Hunter Jones, (May 2018 to April 2020) and Amyma Limited (July 2018 to September 2019). EFG had received a large number of complaints from investors, according to the Financial Conduct Authority, which were re...
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