On 25 March 2026, following a petition filed by the FCA, the High Court ordered that Equity for Growth (Securities) Limited (EFG) be wound up.
EFG is a corporate finance firm. EFG was also a principal for a number of appointed representatives between 2015 and 2020, including Amyma Ltd and Osborne Baldwin Ltd, which traded as Hunter Jones.
An appointed representative carries on regulated activity under the responsibility of an authorised firm, known as 'the principal'. Find more information on the relationship between principals and appointed representatives[1].
Why did the FCA petition to put the firm in liquidation?
EFG had received a large number of complaints from investors, which were referred to the Financial Ombudsman Service. These included claims in relation to mini bonds issued by unauthorised companies and promoted by EFG’s appointed representatives, Amyma Ltd and Hunter Jones.
We considered that EFG was insolvent and did not have appropriate resources in relation to the Financial Ombudsman claims. This meant it could not pay any compensation consumers may have been owed. We therefore filed a petition on 18 October 2024 for EFG to be wound up so that claims could be assessed by the Financial Services Compensation Scheme (FSCS). The Court has now made a winding-up order. On the same date as the petition, we placed restrictions on the firm to prevent it from conducting regulated activities. Find more details about the restrictions[2].
Find out why we took this action in our supervisory notice (PDF)[3].
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