Press Release – Zakery Khub Solicitors: Litigation & Dispute Resolution
RE: FCA v 24HR Trading Academy Limited and MR M F Maricar - Neutral Citation:[2021] EWHC 648 (Ch). Litigation and Dispute Resolution. Fast-evolving Crypto market and FX Trading – (such as ‘futures contracts’, ‘contract fordifference’ and ‘option’ and ‘securities’) is it a Criminal Offence to introduce?‘Arranging’, ‘selling’ or ‘advising’, which is not always obvious to an untrainedintroducer/promoter, could land them in contravention of FSMA 2000 and lead to a possiblecriminal offence. Having been heavily involved in the High Court’s decision in Avacade as reported byLaw360, FTAdviser, Bloomberg, and International Advisor, etc., and more recently in at theCourt of Appeal in...
Press Release – FCA v Avacade
THE FINANCIAL CONDUCT AUTHORITY (FCA) V AVACADE LIMITED (IN LIQUIDATION) (2) ALEXANDRA ASSOCIATES (U.K.) LIMITED (3) CRAIG STANLEY LUMMIS (4) LEE EDWARD LUMMIS (5) RAYMOND GEORGE FOX. 30 June 2020, Sheffield, UK Omid Khub of Zakery Khub Solicitors: Our clients, the Second to Fourth Defendants in the above matter are extremely disappointed about today’s decision. However, they sympathise greatly with those who have lost money on any investments. Our clients operated as an introducer to a number of FCA-regulated SIPP companies and IFAs. Those FCA-regulated companies, (and not our clients), invested investor’s money. Only after approving the investments, and in...
Press Release – FCA v Avacade
THE FINANCIAL CONDUCT AUTHORITY (FCA) V AVACADE LIMITED (IN LIQUIDATION) (2) ALEXANDRA ASSOCIATES (U.K.) LIMITED (3) CRAIG STANLEY LUMMIS (4) LEE EDWARD LUMMIS (5) RAYMOND GEORGE FOX. 30 June 2020, Sheffield, UK Omid Khub of Zakery Khub Solicitors: ----------------------------------------------------------------------------------------- Our clients, the Second to Fourth Defendants in the above matter are extremely disappointed about today’s decision. However, they sympathise greatly with those who have lost money on any investments. Our clients operated as an introducer to a number of FCA-regulated SIPP companies and IFAs. Those FCA-regulated companies, (and not our clients), invested investor’s money. Only after approving the investments, and...
Press Release – Zakery Khub Solicitors: Litigation & Dispute Resolution
RE: FCA v 24HR Trading Academy Limited and MR M F Maricar – Neutral Citation:[2021] EWHC 648 (Ch). Litigation and Dispute Resolution. Fast-evolving Crypto market and FX Trading – (such as ‘futures contracts’, ‘contract fordifference’ and ‘option’ and ‘securities’) is it a Criminal Offence to introduce?‘Arranging’, ‘selling’ or ‘advising’, which is not always obvious to an untrainedintroducer/promoter, could land them in contravention of FSMA 2000 and lead to a possiblecriminal offence. Having been heavily involved in the High Court’s decision in Avacade as reported byLaw360, FTAdviser, Bloomberg, and International Advisor, etc., and more recently in at theCourt of Appeal in...