The UK Financial Conduct Authority (FCA) has charged John Burford for carrying on an unauthorised business and dishonestly misleading investors.
He is suspected of generating over £1 million.
Between 1 January 2020 to 31 December 2023, Mr Burford is alleged to have accepted money from more than 100 investors, and advised and managed investments on their behalf without authorisation.
Mr Burford was the sole director of Financial Trading Strategies Limited (FTS). Through its website, he promoted paid subscription services involving the provision of daily trade alerts which gave advice on trading opportunities as well as investments in three ‘Tramline’ funds.
The FCA alleges that Mr Burford repeatedly misrepresented the value of the funds and the amount of money he had lost while trading.
Mr Burford will appear before Westminster Magistrates’ Court on 23 May 2025.
Carrying out unauthorised business is an offence punishable by a fine and/or up to 2 years’ imprisonment.
Fraudulent trading under section 993 of the Companies Act 2006 is an offence punishable by a fine and/or up to 10 years’ imprisonment.
