Equity For Growth - Regulatory Scrutiny and the Removal of FCA Permissions

Equity For Growth (Securities) Limited (EFG), has encountered significant challenges due to its close connection with companies that marketed high-risk bonds to retail investors. One such company, Amyma Ltd, served as an appointed representative of EFG from July 2018 to September 2019, later entering voluntary liquidation on June 16, 2020.

Over the years, the Financial Conduct Authority (FCA) has imposed a series of restrictions on EFG's operations. This began on May 9, 2008, when the firm was barred from conducting investment business beyond corporate finance, effectively prohibiting dealings with retail customers. More recently, on October 18, 2024, EFG faced additional restrictions regarding asset movement, client lists, and company records. This culminated in a comprehensive order requiring the firm to cease all regulated activities.

The FCA's concerns primarily revolved around the promotion of high-risk investments, including bonds and loan notes, such as Magna and MIXG Limited loan notes. One investor, who suffered significant losses in Magna Bonds, described EFG on Trust Pilot as "notorious for giving their stamp of approval to loan notes that turn out to be highly suspect and eventually default."

At CP Financial Claims, we can assist you in filing a compensation claim against EFG or Amyma through the Financial Ombudsman Scheme (FOS), where several complaints have already been upheld. Although EFG authorized Amyma to arrange investments, EFG ultimately bore responsibility for these arrangements. CP Financial Claims currently has a number of pending claims against EFG-Amyma at FOS for inappropriate investment promotion.

Other related appointed representatives and agents through whom you may have invested include:

• Cap Continental Limited
• Osborne Baldwin Limited
• The Right Crowd Limited
• The Service Crowd Limited
• Hunter Jones