The Financial Conduct Authority (FCA) has issued more guidance to Harlequin property investors.
In a short statement published on their website, the FCA urged anyone thinking of investing in one of the Harlequin group of companies to proceed with caution. The FCA also recommended potential investors should ensure they understand the risks involved with the investment.
Furthermore, the regulator recommended investors should take appropriate professional advice from suitably qualified financial advisers and lawyers, who specialise in the country where the proposed property is located, before proceeding with a purchase.
The guidance follows a series of negative publicity for the Harlequin group of companies, including a previous warning from the Financial Services Authority (FSA), an investigation by the Serious Fraud Office (SFO) and the Administration of the UK sales arm.
You can read the Financial Conduct Authority’s Harlequin Property update by clicking here.
Are you a Harlequin Property investor?
If you are a Harlequin Property investor you will naturally be concerned about the recent developments. The investors we have spoken to have had mixed emotions, however all have wanted to take some form of action.
We would recommend that Harlequin investors continue to monitor the situation whilst completing the Harlequin Property Serious Fraud Office questionnaire, which can be found by clicking here and also visit the website set up by Regulatory Legal: www.harlequininvestorgroup.co.uk/ for more news.