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It’s been a difficult year for “troubled” investor firm Beaufort Securities, and several developments in Feb & March 2018 mean that it looks to get a lot worse.
The story (for those who are interested) is long, but we’ve condensed it on this page so you can understand what’s happened, and why if you have a Beaufort Securities account, you may want to look at making a claim for negligent financial advice if you can.
Beaufort had around £700m under management when some of it was frozen after a joint FCA and FBI investigation. This could mean it is made difficult to get your cash out!
Quite dramatically, the Beaufort Securities story heated up after an undercover FBI sting in which defendants related to Beaufort were apparently attempting to launder money, involving a Picasso painting.
Beaufort Securities no-longer has authorisation to conduct regulated financial activities.
All this has resulted in Beaufort Securities entering into Administration, after being declared insolvent by the UK finance bosses.
Timeline of events: Beaufort Securities
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