The Serious Fraud Office (SFO) has charged Harlequin Group chairman David Ames with three counts of fraud.
He will appear in Westminster Magistrates' Court on 22 March. Ames is charged on three counts of fraud by abuse of position.
The charges relate to activity between January 2010 and June 2015.
The SFO and Essex Police, announced it was investigating the Harlequin Group of companies on 5 March 2013.
According to the SFO, investors who invested in Harlequin through a Sipp and received financial advice from a firm which is no longer trading may be able to claim compensation from the Financial Services Compensation Scheme.
The SFO has a page on its website dedicated to Harlequin, which will provide further updates on the case.