Wealth firm collapses after UK watchdog's intervention

Pedro Gonçalves
Wealth firm collapses after UK watchdog's intervention

Wealth management firm SVS Securities has collapsed into administration and will face a regulatory investigation amid "serious concerns" about its business. The intervention followed "urgent" supervisory work by the Financial Conduct Authority after it received a tip-off about the assets in which SVS was investing the money of its clients, with the watchdog consequently instructing the wealth manager to cease all regulated activities. "Acting on intelligence received about the assets in...

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