The High Court has approved a plan to return client money and customer assets to clients of failed Newcastle-based wealth manager WealthTek.

The High Court has ruled in favour of the FCA against the director of a company which ran an illegal care home unauthorised collective investment scheme (UCIS).

The FCA has secured two orders to return over £130,000 to investors in two unauthorised collective investment schemes.

The FCA has secured more than £100,000 to repay consumer victims of Mohammed Maricar, who set up a forex ‘trading academy’ that used WhatsApp to provide unauthorised investment advice.