Member Info for CheatedInvestor

Thanks Anonymous Coward - we need more of you to do the same.

Have just called the FCA who tell me the Market Abuse Team is now looking in to the allegations I put in letter to them in January. They do not, however, provide feedback or updates. It would help if any other ripped off investors also emailed FAC Market Abuse Market.Abuse@fca.org.uk with any information they have. What would, of course, have the biggest impact would be if a whistleblower(s) could contact them. I quote from Market Abuse's response: 'If you wish to report your concerns confidentially to our whistleblowing team, you can email whistle@fca.org.uk or call 020 7066 9200'

Please encourage any potential whistleblowers to contact the FCA - it would greatly help in stopping these gangsters and the daylight robbery that they specialise in.

After the FCA referred me to aimregulation@londonstockexchange.com I received the following message - referring me to the FCA but to a different team:

'AIM Regulation considers all enquiries as regards the conduct of AIM companies and nominated advisers in respect of their compliance with the AIM Rules for Companies (“AIM Rules”) and for Nominated Advisers (“Nomad Rules”), and takes action where appropriate. Please note that AIM Regulation's remit does not extend beyond the AIM Rules and Nomad Rules. Further information regarding the remit of AIM Regulation, and that of other regulators and competent authorities, can be found at the following: AIM Regulatory Landscape.

We note the reference in your letter to potential market abuse. Please note that the Financial Conduct Authority (“FCA”) as the competent authority, has statutory remit to investigate alleged breaches of the Market Abuse Regulation and allegations of false or misleading statements which (intentionally or recklessly) induce investors to trade or refrain from trading in a company's securities. If you have not done so already, you may wish to communicate directly with the FCA’s Market Integrity Unit, to Primary Market Oversight Department, Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN (email: primary.market.integrity@fca.org.uk). '

I shall therefore recraft my previous two letters and write to primary.market.integrity@fca.org.uk

Fun and games(!!)

I wrote to the FCA on the 4th January and received the following advice:

'Thanks for your letter dated 4 January 2023 to the Financial Conduct Authority (FCA) regarding Deepverge Plc .

I understand you invested [£nnnn ]in Deepverge Plc shares and their listing on the Alternative Investment Market (AIM) at the London Stock Exchange was delisted on 27 December 2023. I’ve understood this company is going to be wound up. I appreciate this must be very concerning for you.

Deepverge Plc

I've completed a search on our Financial Services Register, this is a public register of the firms authorised by us and warning pages for unauthorised firms. Based on the information you've provided, I've been unable to locate a firm called Deepverge Plc, which means they're not authorised by ourselves. Please be aware that if you deal with a firm who aren’t authorised by the FCA, you wouldn’t have any protection in place from the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) if something went wrong or if this was a scam. We’ll be unable to provide any assistance in recovering your money from an unauthorised firm.

Your next steps

As Deepverge Plc was listed on AIM at the London Stock Exchange, you may wish to report your concerns to the AIM Regulation Team. I’ve listed their contact details below.

+44 (0)20 7797 4154

aimregulation@londonstockexchange.com

In addition you may wish to obtain independent legal advice regarding your legal position in respect of Deepverge Plc.

What I’ve done with the information you’ve provided

I’ve today referred the information you’ve provided regarding Deepverge Plc to the appropriate team for further investigation. If they require any further information from you about this, they’ll ask me to contact you again.

I hope this information has been helpful and thank you for taking the time to report your concerns to us.

Yours sincerely

Andrew

Supervisor / Supervision Hub

Supervision – Retail and Authorisations / Tel: 0800 111 6768

www.fca.org.uk

Many thanks - that's a great summary. I see Declan Service was a director of Integumen, but was terminated on the 5/4/2018. Do you happen to know where he resurfaced?

This is the first time I've posted here - although I've followed the posts (usually with dismay) off and on for many years. I was originally a MW investor which looked genuinely promising prior to the takeover by Integumen. My solicitor advises that it ought to be possible to go after one of the directors, the accountants or the auditors for fraud. The difficulty would be proving, or at least demonstrating, it.

Starter question for ten: What do people believe happened that was fraudulent and what evidence might, conceivably, be obtainable?