The UK Financial Conduct Authority has secured a guilty plea from John Burford following its prosecution over an unauthorised investment operation that took more than £1m from investors. As sole director of Financial Trading Strategies Limited, Burford sold a paid subscription service offering daily trading alerts and promoted investment opportunities in three self-named “tramline” funds. More than 100 investors paid money to Burford, who advised on and managed investments without FCA authorisation and repeatedly misled investors about fund values while concealing trading losses. Sentencing is scheduled for 5 September 2025 at Southwark Crown Court, and the FCA plans to seek confiscation orders to deprive Burford of the proceeds and return money to investors.