FCA commences criminal prosecution against unauthorised investment schemes

The FCA has commenced criminal prosecution against Mark Starling in relation to an unauthorised investment scheme.

Starling is alleged to have operated schemes that purported to carry out financial futures trading for the benefit of investors.

The alleged offences involve operating, or purporting to operate, a collective investment scheme without authorisation or exemption, contrary to sections 19 and 23 of the Financial Services and Markets Act 2000 and two counts of fraud, contrary to sections 1 and 2 of the Fraud Act 2006.

Starling’s first court appearance was at City of London Magistrates’ Court on 21 August 2018. The case was passed to Southwark Crown Court with the first preliminary hearing scheduled for 18 September 2018.

The FCA cannot provide any further comment or information at this time.

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