FCA calls in administrators to DFM Beaufort Securities
PwC appointed by High Court
Following an assessment of the financial position of Beaufort Securities, the FCA believed the firm was insolvent
Discretionary fund manager Beaufort Securities was today placed into insolvency, following an urgent application by the Financial Conduct Authority (FCA) to the High Court.
The FCA said it had taken this action following an assessment of the financial positions of both Beaufort Securities and Beaufort Asset Clearing Services (BACS), which led it to believe both frms were...
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