FCA places regulatory restrictions on IFA firm director
Just weeks after the watchdog admitted its concerns that the company had misappropriated client funds
Source: international-adviser.com
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FCA places restrictions on advice firms over funds withdrawal
The Financial Conduct Authority has imposed several restrictions on two advice firms over concerns about funds withdrawal. FCA also restricted access to the firms’ assets while it continues its investigation.
Source: moneymarketing.co.uk
Alexander David Securities Limited enters liquidation
On 1 July 2022 Alexander David Securities Limited (ADSL) entered creditors’ voluntary liquidation and Shane Cooks, Emma Sayers and Malcolm Cohen of BDO LLP were appointed as joint liquidators.
Source: fca.org.uk
FCA restricts IFA over alleged £250,000 unauthorised fees
The Financial Conduct Authority has restricted a small IFA firm from carrying out any regulated activities after it took £250,000 of unauthorised fees.
Source: moneymarketing.co.uk