Independently East declared failed by FSCS

Surrey-based Independently East entered compulsory liquidation on 11 September 2023 following an application made by the Financial Conduct Authority (FCA). The Official Receiver was then appointed as liquidator. On 13 February 2023, the regulator imposed restrictions on the firm, which meant its accounts were frozen and its permissions to carry out regulatory activities were cancelled. The FCA said it was concerned as to whether Independently East could be effectively supervised and held appropriate resources. The firm also did not provide the FCA with information that was requeste...