Home Financial Planning FSCS declares 2 bond companies as failed

FSCS declares 2 bond companies as failed

FSCS declares 2 bond companies as failed


The Monetary Providers Compensation Scheme has declared two bond companies as failed at the moment.

The transfer opens the door to purchasers to say compensation from the FSCS.

The companies, London-based Consero Capital LLP and Dundee-based Chryson Restricted, had beforehand traded utilizing a number of buying and selling names. The claims relate primarily to funding bonds.

Dundee based mostly Chryson Restricted (FRN 491208) had beforehand used as buying and selling names: IQ Cash, Chryson Wealth Administration and Sharewatch UK. FCA information present the agency ceased to be authorised for regulated actions from 26 August 2022.

The FSCS mentioned at the moment that there have been 14 claims in opposition to Chryson associated to funding bonds, secured bonds and CFD. None of those relate to BSPS instances.

Consero Capital LLP (FRN: 570728) was based mostly at an tackle in Cavendish Sq. in London’s West Finish. It traded underneath two names: Inexperienced-ifisa.com and Renewable-bonds.com.

For Consero Capital LLP the FSCS has acquired 16 claims thus far regarding funding bonds and secured bonds. None are BSPS associated. FCA information present the agency ceased to be authorised after 19 December 2019.

FCA information counsel that each companies have been themselves the sufferer of clone assaults the place the agency’s web site or different particulars was copied by fraudsters.

Consero’s two buying and selling title companies started buying and selling in April 2019, solely eight months earlier than the agency’s authorisation as a regulated agency ended.

Consero had two appointed rep companies: Amio Wealth Restricted and Kernco Companions LLP.



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