By Tom Winnifrith | Friday 25 May 2018
It is now almost two weeks since the regulators at the Maltese FSA (MSFA) suspended the license of Julie Meyer to conduct financial activities including fund management. The word on the street is that the license will be cancelled altogether soon. But it seems that back in London the dozy fuckers round at the FCA still have not caught up and indeed are now derelict in their duty to protect consumers.
The screenshot below shows the FCA register as it stands. According to the dozy FCA fuckers Julie's Maltese passport still holds good. I spoke to the FCA ten days ago and was told it sometimes takes a couple of days to update records. As they say here in Greece "avrio, avrio". The failure to update the register means that folks lured by Ms Meyer to hand over money may, on checking a misleading register, do just that. It is another failure by the FCA to protect investors.
But there is a bigger issue. To manage other folks money a firm must have a current license, current regulatory approvals. But nowhere in the Ariadne Group is there such a license. So surely the management of Ms Meyer's piss poor joke of a fund needs to be assigned elsewhere - not, I imagine - that there is a long line of managers wanting to take on this hospital pass with no cash to pay their fees.
Surely to protect existing fund holders as well as those Ms Meyer is right now trying to sucker in to invest new cash with lies as exposed here, the FCA aqnd MSFA should both be working to install a new manager asap? Again the failure of the FCA to act on this matter is another badge of shame for the useless fuckers.
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