Two advice firms with 18 claims against them declared in default

18 claims between them

Ayesha Venkataraman
clock • 1 min read

The Financial Services Compensation Scheme (FSCS) has declared two financial advice firms, Juno Moneta Capital Management Ltd and Westbury Private Clients LLP, in default.

Swansea-based Westbury Private Clients LLP was restricted from holding client money by the Financial Conduct Authority (FCA) on 1 July 2013, according to the FCA register. It may be able to control client money if it has the necessary requirements, it stated. The firm was also restricted from carrying on the MIFID investment service and activity of placing of financial instruments without a firm commitment basis by the FCA on 14 January 2014, according to the FCA register. The firm has been in liquidation since 28 March 2018. The FSCS told Professional Adviser it has received sixteen ...

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