The Personal Investment Authority has suspended Mackenzie Law & Company (Life and Pensions) and M P S...
Unfortunately, this is not the first time the PIA has been forced to act this year.
It says more than eight companies have been expelled and three suspended on grounds that they no longer meet financial resources requirements set by the authority.
A total of £46m has already been set aside by PIA regulated companies to cover possible compensation claims.
And £2.7m has been paid out in fines by 61 companies as a result of disciplinary action by the PIA.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation