FSCS declares 2 bond corporations as failed

The Monetary Companies Compensation Scheme has declared two bond corporations as failed in the present day.

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

The corporations, 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 in the present day 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 handle in Cavendish Sq. in London’s West Finish. It traded below two names: Inexperienced-ifisa.com and Renewable-bonds.com.

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

FCA information recommend that each corporations had 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 identify 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 corporations: Amio Wealth Restricted and Kernco Companions LLP.