Two UK wealth firms fail
FSCS has already received claims against both companies
FSCS has already received claims against both companies
It failed to monitor record keeping and trading activities in discretionary accounts
As liabilities may fall onto another company that is still in business
They told 340 victims they could expect 250% returns plus bi-annual revenue payments
They will have an additional six months to sign up to the regulator’s portal
Investors were told they would receive minimum returns of 0.35% daily
After he was given a seven-year prison sentence in 2018
Regulator warns unauthorised firms and individuals are looking to take advantage of the rising cost of living
Disqualification ‘should serve as a stark warning’
FSCS has already received five claims against it
It has had to pay back £925m since pension freedoms were introduced
The European Commission ‘is putting EU countries under increasing pressure to change residence’ programmes