More NewsFSA in High Court to wind up Cameron Farley

FSA in High Court to wind up Cameron Farley

FSA has lodged petition at High Court to wind up financial adviser Cameron Farley

The Financial Services Authority (FSA)
has lodged a petition at the High Court in London to wind up
Cameron
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
Grant
Thornton
provisional liquidators to take control of the company and its
assets, pending the hearing of the petition, the Financial Times
reports.

The FSA took the action to protect Cameron Farley’s UK consumers and
depositors because the company has been accepting deposits from clients without
FSA’s authorisation.

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.

Further reading:

Read
the Financial Times story

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