FCA Probes Securities Firm Amid ‘Serious Concerns’

Law360, London (August 5, 2019, 5:11 PM BST) -- The Financial Conduct Authority said on Monday that it has opened a regulatory investigation into collapsed stockbroker SVS Securities, after it identified “serious concerns” about the way the business was operating.

The Financial Conduct Authority has said it is investigating the stockbroker, which has collapsed, after receiving a tip-off about the assets in which it was investing its clients' money. (AP) The City regulator said it acted after receiving a tip-off about the assets in which SVS Securities PLC was investing its clients' money. It has opened an investigation into the assets and has suspended SVS from conducting any regulated activities. The...

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