A joint announcement by the Financial Conduct Authority (FCA), Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS) has confirmed that the German Property Group, formerly known as Dolphin Trust, has entered preliminary bankruptcy proceedings in Germany.
We have documented Dolphin’s demise for some time and so this news is not surprising. Problems first started to emerge in 2018 and the company’s administrator has not been able to rescue the company whose accounts have been described as a mess.
The unregulated Dolphin Trust investment was sold en-masse and we represented a number of Dolphin investors here at Hugh James.
If you’re an investor who invested in Dolphin via an FCA-regulated self-invested personal pension (SIPP) or an FCA-regulated financial adviser, you are now being encouraged to lodge a formal complaint.
Our Financial Mis-Selling Team can help navigate you through the FOS or FSCS procedure; with years of experience in obtaining compensation for investors.