Brookbourne Trading Limited of 288 Bishopsgate, London, claims on its website: “We operate with the business ethos that change can cause vast improvement if you listen to what is required.”
However, the regulator suspects that Brookbourne is operating a scam property fund and has been accepting deposits from consumers without FCA authorisation.
The regulator has now been granted an injunction by the High Court to prevent Brookbourne from taking anymore deposits and freeze its assets.
But the FCA has warned investors in Brookbourne that even with the injunction in place, they may not have their money returned.
Brookbourne is not an FCA-authorised firm and so is not covered by the Financial Compensation Scheme.
“While the FCA will do everything it can to try to return money to Brookbourne’s investors, and will contact them to keep them updated our experience with this type of scheme is that consumers only receive back a small fraction of what they invested,” said the FCA.
“We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are.”
