The Financial Services Compensation Scheme (FSCS) has logged two firms that sold investment products or services as failed.
The lifeboat fund declared Chancery Partnership, last authorised with Financial Conduct Authority (FCA) predecessor the Financial Services Authority back in 2005, as failed last Wednesday (4 March). The FSCS also last Friday (6 March) listed authorised alternative investment fund manager MCI Global Investment Advisors as failed. MCI Global Investment Advisors provided alternative investment fund management services for funds, among these unauthorised Novus Black Fund UK, according to the FSCS. A liquidator was appointed at MCI Global Investment Advisors on 25 October 2024. Shortly ...
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