21st January 2015
The Financial Services Compensation Scheme (FSCS) has received a number of claims against firms that are no longer trading for advice relating to investments in Stirling Mortimer funds.
FSCS is aware the Serious Fraud Office (SFO) is currently undertaking investigations into three Stirling Mortimer funds. These are No.4 Cape Verde fund, No. 6 Morocco fund and No.7 Cape Verde II fund. For more information, please read the Serious Fraud Office announcement.
FSCS is considering the implications of the SFO's investigations. Until these investigations have been concluded, we are unable to provide decisions on claims involving these three funds.
FSCS will provide further updates on our website as soon as we have more information.