The Financial Conduct Authority (FCA) has obtained a High Court order to wind up Equity for Growth (Securities) Limited (EFG), placing the corporate finance firm into liquidation after the FCA concluded it was insolvent and could not meet potential compensation liabilities. The winding-up is intended to enable claims to be assessed by the Financial Services Compensation Scheme (FSCS). EFG had received a large number of investor complaints referred to the Financial Ombudsman Service, including claims linked to mini bonds issued by unauthorised companies and promoted by EFG’s appointed representatives, Amyma Ltd and Osborne Baldwin Ltd (trading as Hunter Jones). EFG acted as principal for a number of appointed representatives between 2015 and 2020; the FCA petitioned for the firm to be wound up on 18 October 2024 and imposed restrictions on the same date to prevent it from carrying on regulated activities.
Financial Conduct Authority 2026-03-26
Financial Conduct Authority secures High Court winding-up order for Equity for Growth (Securities) Limited
The Financial Conduct Authority (FCA) secured a High Court order to liquidate Equity for Growth (Securities) Limited (EFG) due to insolvency and potential compensation liabilities. This action allows the Financial Services Compensation Scheme to assess claims, following numerous investor complaints related to mini bonds issued by unauthorised companies and promoted by EFG's representatives. The FCA had previously restricted EFG from regulated activities in October 2024.