Following an application by the FCA, the High Court yesterday made orders against a number of persons involved in carrying on an unauthorised foreign exchange investment scheme. 

Noerus Investments Limited other persons carrying on business under the name Noerus Capital (the “Noerus Defendants”) were declared as being unlawfully promoted, and purporting to operate, a managed foreign exchange trading facility between December 2014 and November 2015, in contravention of the Financial Services and Markets Act 2000.

The scheme took in at least £1.2 million from 65 investors but none of the ...