Ex-Beaufort Securities investment manager pleads guilty
London-based man found guilty in US court
Beaufort Securities
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Defendant pleads guilty in Beaufort Securities case
A British citizen has also been extradited to the US to stand trial
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Good news for investors in defunct Beaufort
Nearly all individual customers of Beaufort Asset Clearing Services are expected to be protected in full for the return of money and assets, the UK’s Financial Services Compensation Scheme (FSCS) has confirmed.
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Beaufort clients face covering £100m liquidation costs
Clients of collapsed Beaufort Securities could lose up to 40% of the value of their holdings to cover liquidation costs, bringing into question the whole system of regulatory and legal protection of investors in the UK, according to campaign group ShareSoc.