East Sussex-based Fiducia Wealth Solutions, which is understood to have worked with steelworkers and collapsed DFM SVS Securities, has been instructed to cease all regulated activity and is in the process of being wound up, Professional Adviser can reveal.
According to a note on the FCA register, Fiducia must cease all regulated activity and must not recommence any regulated activities unless it has the Financial Conduct Authority's (FCA) prior written consent. The firm must also cease to act for any affected clients and contact product providers to instruct them to put on hold all transactions related to the firm's regulated activity that has not yet completed. Elsewhere, the note on the register said the firm must not take any action that has, or may have, the effect of disposing of, dealing with or diminishing the value of any assets...
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