I’m not long into my conversation with Carl Widger – managing director of financial planning firm Metis Ireland – when he brings up unregulated investment schemes. He’s clearly irritated about them. “Every single week now, we see one deal or investment after another going pear-shaped. Some of these things have been happening for years. We’ve seen directors given jail sentences [Custom House Capital], the Belfry situation is ongoing. It’s a lot, and for me, the regulator needs to step in here.” Unregulated investment products tend to be for obscure assets like solar farms, whiskey, or forestry. They tend to promise large…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Avail of our LIMITED TIME special offer and access this piece – and everything else on The Currency – for one month for just €1.