Beaufort
Ex-Beaufort clients the kernel of AFH wealth launch
Adviser scoops up £130m client book for an initial £50,000
Bruised Beaufort clients seek refuge at The Share Centre
Execution-only broker looks to rebuild trust with distressed book of clients
Defendant pleads guilty in Beaufort Securities case
A British citizen has also been extradited to the US to stand trial
UK lifeboat scheme off the hook for Beaufort compensation
The UK’s Financial Services Compensation Scheme (FSCS) will not have to pay full compensation to clients of collapsed Beaufort Asset Clearing Services after the High Court approved a plan to return client money and assets.
Beaufort clients face covering £100m liquidation costs
Clients of collapsed Beaufort Securities could lose up to 40% of the value of their holdings to cover liquidation costs, bringing into question the whole system of regulatory and legal protection of investors in the UK, according to campaign group ShareSoc.