The regulator noted that the distribution of the fees suggests that UKITI is actually acting as the investment manager of the fund, not SCM. A review of 25% of client files also showed that none of the investors had received a suitability assessment.
- Report: #1398380
Complaint Review: Iain stamp iain compton stamp ppf capital Iain Clifford Stamp v FCA UK Innovative TI Limited v FCA Stargate Corporate Finance Ltd v FCA - Nationwide
Reported By:
ali aspanzy -
hong kong, Alabama, Hong Kong
Submitted:
Updated:
-
Author Confirmed
Why?
Iain stamp iain compton stamp ppf capital Iain Clifford Stamp v FCA UK Innovative TI Limited v FCA Stargate Corporate Finance Ltd v FCA
Nationwide, USA
Web:
wealthfortress.co.uk
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Iain stamp iain compton stamp ppf capital Iain Clifford Stamp v FCA UK Innovative TI Limited v FCA Stargate Corporate Finance Ltd v FCA Iain stamp iain compton stamp ppf capitalIain Clifford Stamp v FCA UK Innovative TI Limited v FCA Stargate Corporate Finance Ltd v FCA Iain Clifford Stamp v FCA PPF CAPITAL SCAMSTER FRAUDSTER CAUGHT IN ACT LONDON Nationwide
MR STAMP HAS A FULL HEARING WITH THE FCA AS HE HAS BEEN CAUGHT SELLING UNREGULATED PRODUCTS IN THE UK FROM HIS OFFICES IN PORTSMOUTH. ANYONE WHO INVESTED IN THE IRISH BONDS AND TILL NOW HAVE NOT HAD THEIR MONIES BACK PLEASE CONTACT THE FCA.
SEE BELOW PEOPLE INVOLVED DIRECTLY IN THE ORGANISATION
HM Courts & Tribunals Service Guidance
Upper Tribunal (Tax and Chancery) financial services hearings and register
Updated 1 September 2017
Reference number Date received Applicant v Respondent Hearing type Hearing details Outcome
FS/2017/013 9 Aug 2017 Iain Clifford Stamp v FCA
FS/2017/012 9 Aug 2017 UK Innovative TI Limited v FCA
FS/2017/011 4 Aug 2017 Stargate Capital Management Ltd / Stargate Corporate Finance Ltd v FCA
Acompolices - running the show in the Portsmouth offices
Owner - Iain Compton Stamp - recently changed his name
Master mind - Paul Burrell - calls himself compliance officer (knows where the money is hidden)
Operations - Gary Johnson - on the phone and emails catching the investor with lies
According to the FCA, UKITI received the majority of an £800, 000 commission rebate, plus upfront fees of 5% from investors, a 25% performance fee and a 0.5% annual algorithmic rental fee.
The fund generated losses of around £185, 000 in January 2016 and £221, 000 in October 2016, however these losses were unrealised. In addition, the fund was marketed to potential investors using performance data based on realised trading profits and losses alone.
While there is little information available on the Momentum fund, also designed by UKITI, the FCA said it appears SCM provided a similar service to this small FX fund as it provided to FX Perpetual.
Behind UKITI is a man called Iain Stamp, who was formerly the chief executive of Integrity Financial Solutions. This company, which was established by Stamp in 1998, was censured by the Financial Services Authority in 2010. Because the firm was in liquidation at the time, the regulator waived a £350, 000 fine.
Contact information:
Author: aliaspanzy
Offender: Iain stamp iain compton stamp ppf capital
Author: aliaspanzy
Offender: Iain stamp iain compton stamp ppf capital
Country: United Kingdom County: HAMPSHIRE City: PORTSMOUTH
Address: wealthfortress. co. uk
Phone: 442392217250
Site: wealthfortress.co.uk
