Islington -based advice firm Donre Advisory has gone into liquidation after the Financial Conduct Authority (FCA) imposed regulations on it.
An update posted by the regulator today (16 July) noted that on 11 July, the directors of Donre Advisory appointed Sean Bucknall and Andrew Hosking from Quantuma Advisory as joint liquidators having considered the firm's financial position. This comes after the FCA placed restrictions on the firm on 17 May 2024, which prevented it from carrying on any regulated business. The regulator said it imposed restrictions because the firm was operating without any FCA-approved senior manager function holders and did not have adequate resources. Donre Advisory has entered creditors' volunta...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
