The Financial Conduct Authority (FCA) has charged Kristofer McGuire, Keith Williamson and Karla Walker with fraud for their alleged involvement in a high-risk trading scheme, which targeted people’s pension savings.

The three individuals were charged with multiple offences, including fraud by false representation and fraudulent trading, after allegedly targeting victims by persuading them to invest in contracts for difference (CFDs), a high-risk investment product used to bet on the price of an asset.