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2009 archive

Warning – Myers Brunning Associates, Berkeley Connect,
Taylor Wilson International and Stratton Wainwright

15/12/2009

These firms have been cold calling people to promote shares in Biodefense Corporation, based in the USA, and a number of other companies. They are not authorised to provide financial services in the UK. If you have been contacted by any of these firms, please contact us.

Warning 3 - Christian Orpin trading as PDS Business Finance

04/12/2009

The affairs of Orpery Limited have been in the hands of liquidators and Mr Orpin reached an Individual Voluntary Arrangement (IVA) with his personal creditors in early 2007. All claims are being dealt with by the IVA supervisor.

Warning – Merger Law Ltd, MF Asset Management, SGI Investments, Trident Market Advisers, International Consultancy Services and Swiss International Group

18/11/2009

These firms have been cold calling people to promote shares in UK registered companies Afterwire PLC, CosmoSeis PLC and Uranium308 Resources PLC. They are not authorised to provide financial services in the UK. If you have been contacted by any of these firms, please contact us.

Arc Capital and Income Plc (ACI)

26/10/2009

Arc Capital and Income Plc (ACI) has gone into administration. Robin Davis, Melvyn Carter and John Alexander of Carter Backer Winter LLP have been appointed as their administrators and will be contacting investors.

NDF Administration Limited (NDFA) and Defined Returns Limited (DRL)

14/10/2009

NDF Administration Limited (NDFA) and Defined Returns Limited (DRL) have gone into administration. Andrew Hosking and Martin Ellis of Grant Thornton UK LLP have been appointed as their joint administrators and will be contacting investors.

The FSA logo and Statutory Status Disclosure

12/10/2009

We have changed our rules that state how firms can use our logo and the statements they make to describe the nature of their regulatory relationship with us.

Aviva reattribution update

18/09/2009

The High Court approved Aviva’s reattribution of its inherited estate on 18 September.

Warning - Fidelity Corporate Services

21/08/2009

We have reason to believe that Michael Robert Cameron, trading as Fidelity Corporate Services, may have obtained money from a customer for the purpose of investment, but failed to repay that investment on request. He has never been permitted to advise on or arrange investments. He is also no longer permitted to advise on or arrange insurance and mortgages.

Warning - Jeffery Flanders (Consulting) Limited

03/08/2009

We have been advised by Jeffery Flanders (Consulting) Limited that due to storm damage, the firm has lost all relevant financial records. We also believe that they may not have been passing on insurance premiums.

Warning - Griffiths McAlister Insurance Brokers Limited

12/06/2009

We believe that, in some instances, Griffiths McAlister Insurance Brokers Limited may not have passed customer premiums on to the insurer. Any customer in this position may not have valid insurance cover in place.

New capital-raising tool for building societies

12/06/2009

We have announced a new way for building societies to raise additional money, if they choose, to help support their businesses as banks already can.

Upton & Co Accountants Ltd - the 'Currency Plan'

14/05/2009

We have obtained an injunction against this firm as they may have been operating an investment scheme called the 'Currency Plan' without our authorisation. We are currently analysing the information we have received so far from investors, and the investigation continues.

Warning – New York Financial Corp and Financial Investment Solutions

14/05/2009

These firms have been cold-calling people to promote shares in UK-registered companies Afterwire PLC, CosmoSeis PLC and Uranium308 Resources PLC. They are not authorised to provide financial services in the UK. If you have been offered shares by these companies please contact us.

Dunfermline Building Society

30/03/2009

Bank of England statement on Dunfermline’s savings, mortgage and loan businesses transferring to Nationwide.

Warning – Bridgewater House UK Limited

26/03/2009

We are concerned that insurance policies taken out through Bridgewater House UK Limited may lapse due to non-payment of premiums, and that customers may not be aware that they no longer have valid insurance cover in place.

Warning – UK Expatriates Independent Financial Advisory Services (UEIFAS)

13/03/2009

We believe that UEIFAS may have cashed in investment products taken out on behalf of its clients, without its clients’ knowledge or consent, and failed to return those funds to clients. It may have also failed to pass funds transferred to it by clients for investment purposes on to the relevant investment provider.

Warning – The Financial Associate (TFA) Limited

11/03/2009

Customers who took out a mortgage, or are in the process or taking out a mortgage, through The Financial Associate (TFA) Limited (based in Sidcup) should check that the mortgage advance is for the amount that they applied for in their original mortgage application. They should also check whether they have received policy statements or correspondence from life insurance companies about life cover they don’t remember applying for.

Warning – A Razzaq Insurance Brokers

09/02/2009

Customers should check they have valid cover in place because A Razzaq Insurance Brokers, which operates in the West Midlands, did not always pass on premiums.

Treasury statement on financial intervention in the economy

19/01/2009

The government announced measures to help banks lend money to each other, to customers and to businesses.

Equitable Life

15/01/2009

The FSA has responded to the Government’s paper setting out its response to the Parliamentary Ombudsman’s report into the regulation of Equitable Life.

Warning - Aquote

14/01/2009

Aquote is an unauthorised firm. We believe it is conducting regulated general insurance business and is not passing premiums on to the relevant insurance providers.