The Financial Conduct Authority (FCA) has started High Court proceedings against Osborne Baldwin Limited, which trades as Hunter Jones and Hunter Jones Group, alleging the firm carries out regulated activity without authorisation.
Hunter Jones sells loan notes. The FCA is asking the court to stop the firm carrying out regulated activity and to require money to be returned to investors.
The regulator said the proceedings are at an early stage. The court has not yet determined the claim, and no trial date has been set.
What it means for investors
The FCA said consumers who deal with unauthorised firms are at greater risk and may lose access to important protections if things go wrong. It strongly encourages consumers to use its Firm Checker.
Anyone who has invested through Hunter Jones and is concerned about what the case means for them, or who has information to share, has been asked to contact the FCA. The regulator said it will provide more information for investors when it is able to do so.
