The Financial Services Compensation Scheme (FSCS) is to begin sending application forms to customers of Pritchard Stockbrokers Limited in the comings weeks so they can claim compensation.
Pritchard entered administration in March, soon after the Financial Services Authority (FSA) for failing to adequately protect client money. Its administrators, Mazars LLP, have previously contacted clients to agree balances for each individual account, a requirement before the FSCS can process any claims. The FSCS said: "When assessing claims, FSCS will only use balances that clients have already agreed with the Special Administrators. This balance, less any dividends paid, will be the amount of compensation that claimants will receive. "FSCS is aware that there are some clients w...
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