The Financial Services Compensation Scheme (FSCS) is investigating the corporate financial advice firm, Alexander David Securities (ADS) based in London.
The firm was authorised to conduct investment-related activities by the Financial Conduct Authority (FCA) on 30 January 2008, according to the FCA register. It provided corporate finance advisory services which included initial public offerings, secondary fund raisings, mergers and acquisitions, and debt offerings, while also undertaking some other unregulated activities, according to the regulator. ADS lost its permission to undertake any regulated activities, hold client money or assets and issue or approve for third parties any financial promotions on 29 June 2020 when the firm agree...
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