Merchant Capital appoints Reyker Securities as SP custodian

Nicola Brittain
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Merchant Capital (MCL), subsidiary of Merchant House Group, has appointed Reyker Securities to provide custodial and administrative services to its structured products division.

Reyker will replace Pritchard Stockbrokers, which stopped providing services following enforcement action from the FSA on February 10. The FSA's supervisory notice said Pritchard had failed to arrange...

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