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Katherine Of Alexandria Investments

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What are the options Katherine of Alexandria investors? Katherine of Alexandria Ltd was originally created with the purpose of producing, marketing, and distributing eventually the film “Fall of an Empire: Katherine of Alexandria’”. With the film initially earmarked for UK release in April 2015. In exchange of a contribution to achieve these goals, investors were offered a proportionate percentage of all royalties generated from films showing after release. The premise was certainly unique from an investment perspective, but it seems that Katherine of Alexandria Ltd may have broken major FCA rules. Running into trouble The FCA concluded that in their belief the investments that were offered were likely to be a collective investment scheme (CIS). Generally, a CIS …show more content…

This is largely because the film failed to deliver a strong financial comeback through VOD and direct to DVD distribution. In fact, the film was generally considered to be “flop” due to poor critical response. Outlook for investors There are several options available to investors if they choose to act upon them. Firstly under section 26 of FSMA, you may be entitled to recover money or property paid or transferred under the agreement with Katherine of Alexandria Ltd. Additionally this includes compensation for any loss sustained as a result of parting with it. Secondly, you may be able to reverse any contract in place with Katherine of Alexandria Ltd, should feel that this would be beneficial to your claim. Finally, you can seek independent legal advice clarifying your position under the FSMA. As the scheme was not authorised by the FCA, investors are not able to have access to the Financial Ombudsman Service or Financial Services Compensation scheme. Section 19 of the FSMA broken

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