» » Iain stamp iain compton stamp ppf capital | 1105082

Complaint / review / scam report
Iain stamp iain compton stamp ppf capital
Iain Clifford Stamp v FCA UK Innovative TI Limited v FCA Stargate Corporate Finance Ltd v FCA

Complaint / review text:
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. ANY ONE 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 Date/time: To be fixed
FS/2017/012 9 Aug 2017 UK Innovative TI Limited v FCA Date/time: To be fixed
FS/2017/011 4 Aug 2017 Stargate Capital Management Ltd / Stargate Corporate Finance Ltd v FCA Date/time: To be fixed

From: Gary Johnson
Subject: FX Perpetual Managed Account AUM

Cc: Iain Compton-Stamp, Paul Burrell

The AUM for FX Perpetual Ltd is £2.2 million Sterling and it would be best to speak with Iian
If you are available to speak to Iain please let me know and I can put this into Iain's diary.
Regards
Gary Johnson
Wealth Fortress AT
Office Number: 02392 217 250 Overseas callers: +44 23 9221 7250

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.
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.

Contact information:
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

Category: Miscellaneous

0 comments

Information
Members, of group Guest, can not leave comments on this publication.
Please register on our website, it will take a few seconds.