Cameron Farley Limited

Posted on Wednesday 18th August 2010

I am in the early stages of helping an action group comprising victims of Cameron Farley Limited.

Cameron Farley was a business run from Edinburgh by a man called Stephen Farley.  It was a completely unauthorised financial services firm which took money from the public and traded it on a foreign exchange platform in New York run by Gain Capital.  The FSA visited Cameron Farley?s offices in April 2007, and found out what was going on but failed to close the business down until September 2008.  In the meantime members of the public had continued to ?invest? with Mr Farley and significant amounts of their money were lost.  

Mr Farley is now bankrupt in Scotland and the company is in liquidation.  Grant Thornton are doing their best as liquidators to recover money for the unfortunate investors.
There is however a certain amount that I believe investors could do for themselves.  My proposals are set out in my letter to the founder of the action group, Martin Popham and is published on their website at fsauklegalaction.com.  
This is all at a very early stage but I am keen that investors in Cameron Farley should be in touch with the action group or direct with me.  Whilst the way forward is not yet completely clear, I am sufficiently persuaded that there is a worthwhile case to be made for me to put a considerable amount of effort into this (free of charge at this stage) in order to assist investors.

There are surprisingly a large number of unauthorised financial firms in this country and the FSA is notoriously lax about closing them down.  Investors in other such businesses are also very welcome to be in touch with me for an informal discussion without any obligation, about what can be done.