Mis-Sold Investment Claims- Beautfort Securities
It has been a rough year for the investor company Beaufort Securities, and after the recent developments earlier this year, it appears that things are about get even worse.
This is a long story, but we have managed to briefly cover it in this page, including the important details with the aim of helping you comprehend exactly what happened and why if you have an account with the firm, you should consider making a claim for financial advice negligence.
The company, Beaufort Securities, had about £700m client money under management when it was all frozen after a coordinated investigation is the US and UK authorities. With the funds frozen, it means it could be tough to withdraw your money, whether you made the investment through your pension or cash.
Beaufort Securities is under Investigation
After an investigation by the FBI, defendants who are reportedly related to the firm were attempting to launder money via fine art, and as a result, the firm is facing about £36million worth of charges by the United States Department of Justice due to Securities Fraud.
Every United Kingdom regulated financial firm acquires its authorization to operate from the Financial Conduct Authority or FCA. However, the regulatory body has decided to take away all of the company’s securities permissions to conduct financial services.
During the same period where the FBI discovered their attempt to launder money, Beaufort Securities was declared insolvent by the FCA and is now in administration with the PwC.
So, is it possible to make a claim over the firm?
Well, depending on how you ended up with the company as well as what they did with your funds, there may be a number of reasons that you can make a claim for any losses incurred via Beaufort securities and our team of specialist case assessors have abundant experience in spotting any signs of financial negligence. Our initial assessment is free, and if they uncover any issues, you have the option to proceed with your claim, based on our experience, knowledge, and strategy. We aim to ensure that you are compensated fairly for any losses that you may have experienced.
These types of investments are not ideal for everyone, particularly if your net-worth is not high.
Mis-sold Aegis Power Bond Investment
This power bond investment was meant to do things. The first was to help the United Kingdom generate renewable energy from wind farms and the second was to give investors huge returns, most of whom would benefit in retirement after investing their pensions through self-invested personal pensions or SIPPs.
However, as with numerous unregulated and high-risk investments, things do not seem to have gone according to plan after joint administrators were appointed back in 2016. After months of work, the company is now facing liquidation.
An investment that follows liquidation sometimes can be a good thing, but for the case of Aegis Power PLC, it may prove horrendous as some people seem to have been mis-sold their investments in the company, not have been suitable candidates initially.
Hydrology PLC Water Bond Investment
Previously known as Water Bonds PLC and then Nexus Water Bonds before changing to Hydrology back in March 2016, the company had originally proposed a Creditors Voluntary Arrangement or CVA as a result of experiencing financial hurdles.
When it comes to making such investments, it is important to do your homework, look for a financial advisor who can help you make the right call, and if things go south, you can use us to help you make a financial negligence claim.