Cardiff firm The London Trading Company declared in default

FSCS communications show the firm also traded under two other names

Hope William-Smith
clock • 1 min read

A Cardiff-based advice firm with three different trading names has been declared in default by the Financial Services Compensation Scheme (FSCS).

The lifeboat fund confirmed The London Trading Company as failed on 10 March and noted it had also been known as Lontrad, and TCM Wealth Management. According to the Financial Conduct Authority register, Gwaelod-y-Garth firm has been in liquidation since September 2015 and has also used the trading name ‘Lontrad Capital'. The claims against the firm are not known, although the register shows it was not regulated to provide pension transfers when it was operational.

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