What Is A UCIS?
High risk investments have been knowingly mis-sold to ordinary people who would not understand the true risk, nor that the investment is not protected by regulations. They are known as unregulated collective investment schemes. Some schemes are “land bank” schemes, and many are simply scams, whereas others may be simply opportunities that have been mis-described as having a lower risk.
How Do I Know If I Was Mis-Advised On My UCIS?
The Financial Conduct Authority (FCA), has repeatedly warned that unregulated collective investment schemes (UCISs), should not be marketed to private investors.
If you did not sign as a “Sophisticated Investor” and have lost money through such a scheme, you may be due compensation.
These schemes have proved very profitable for advisors, but less so for the investors. In short, UCISs are only suitable for sophisticated investors. They are not suitable for the average private investor.
How Do I Claim?
Simply fill in our simple enquiry form, or call us on 0800 130 3663 to get your claim started.