The Financial Services Compensation Scheme (FSCS) has begun paying redress to clients of stockbroker Fyshe Horton Finney (FHF), which entered special administration earlier this year.
The FSCS has made payments to known clients holding one account with an agreed total balance below £50,000. The scheme finalised the claims process for customers at the beginning of June and said it was working with FHF's special administrators, Paul Boyle and David Clements of Harrisons Business Recovery and Insolvency, to be able to return funds to affected clients as quickly as possible. It said it was on track processing the claims. "When investment firms have been declared in default, FSCS will aim to process claims within six months of receiving an application form," it said in ...
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