"FSA warns that UKLI operated an illegal scheme, meaning the investors aren’t entitled to complain to the financial services ombudsman or claim compensation from a statutory fund." What's the point of a regulator, if they do not regulate agencies? Also, it's very convenient to shirk from responsibility and not compensate the hapless folks who were duped by a UK based firm, that transferred money to UK banks. As my gentle Uncle Ben always said, follow the money. The promoters of the company should be made liable to compensate the investors. Otherwise, trust in UK as a secure investment destination will dwindle. Sam http://www.noiZemag.com/ - The Gay voice of America