The Financial Services Authority (FSA)
has lodged a petition at the High Court in London to wind up
Farley, the Edinburgh-based financial adviser firm it suspended last month
for unauthorised dealing.
In addition, the High Court has appointed Robert Caven and James Earp of
Thornton provisional liquidators to take control of the company and its
assets, pending the hearing of the petition, the Financial Times
The FSA took the action to protect Cameron Farley’s UK consumers and
depositors because the company has been accepting deposits from clients without
The FSA took out a court order in Scotland last month, to freeze certain
Cameron Farley assets and to prevent further breaches of its regulations.
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