In August 2019 The Financial Conduct Authority (‘The FCA’) put the financial advisor and investment provider SVS Securities Ltd into default and the firm has consequently entered administration.
The decision by the FCA arises as a consequence of the firm’s general lack of due diligence, their failure to advise clients adequately on how risky proposed investments actually were and the mismanagement of investor money.
The FCA also commented that it had ‘serious concerns about the way in which the business was operating’ and it therefore took the decision to ‘impose requirements on SVS stopping it from conducting regulated activities and restricting it from disposing of its own or its clients’ assets’.
Despite SVS Securities going into administration however, both former and current clients may still be able to bring claims either to recover money held on deposit with SVS or to recover money lost as a result of poor advice to invest pension money or savings.
Have you been affected?
1. Did SVS Securities advise you to transfer your pension?
2. Did SVS Securities advise you to invest in stocks, bonds or property?
3. Did SVS Securities advise you to invest in Contracts For Difference (CFD)?
If you have answered yes either of the above questions, please contact us urgently as we may be able to help.
What to do if you think you have been mis-sold
Contact Oakwood Solicitors free of charge to find out if you are entitled to compensation on a ‘no-win, no-fee’ basis.
We have helped clients to recover hundreds of thousands of pounds in compensation and may be able to help you too.
How much will it cost you to make a claim?
We operate on a no-win, no-fee basis. If we fail to secure you a settlement, you will not be charged. Any charges will be deducted from your settlement so you will not need to pay us anything out of your own pocket.
• No-win, no-fee available
• A dedicated team of specialists
• Access to a panel of industry-leading experts
• Personal service and excellent reviews
• Financial Advisors available to assist post-settlement
What should you do if you think you have a claim?
Meet the author
Daniel Masterton-Doig is a Paralegal in the Financial Litigation Department and acts on behalf of a number of clients in relation to financial misselling, breach of contract and breach of trust matte…
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