SVS Securities – London

Following action taken by the FCA to impose requirements on SVS stopping it from conducting regulated activities and restricting it from disposing of its own or its clients’ assets, the directors considered the viability and solvency of SVS. They obtained solvency advice and resolved to place the firm into Special Administration. 

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SVS Securities – London

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Following action taken by the FCA to impose requirements on SVS stopping it from conducting regulated activities and restricting it from disposing of its own or its clients’ assets, the directors considered the viability and solvency of SVS. They obtained solvency advice and resolved to place the firm into Special Administration. 

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What concerns led the FCA to take action on this firm?

Acting on intelligence received about the assets in which SVS invested its clients’ money, we conducted urgent supervisory work and identified serious concerns about the way in which the business was operating. 

The FCA has opened an investigation into this matter.

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Why did the Directors of SVS take this action?

Following action taken by the FCA to impose requirements on SVS stopping it from conducting regulated activities and restricting it from disposing of its own or its clients’ assets, the directors considered the viability and solvency of SVS. They obtained solvency advice and resolved to place the firm into Special Administration.

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Where can I find more information and who can I contact?

Customers can find more information about how they will be affected by visiting the Leonard Curtis website www.leonardcurtis.co.uk/SVS(link is external) and can contact the administrators by email: svs@leonardcurtis.co.uk or call 01282 610635.

To read the full article, please click HERE

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