WealthTek clients to regain assets after FCA crackdown

In an update posted today (25 July) by the Financial Conduct Authority (FCA), it confirmed that on 23 July, the High Court of Justice approved the joint special administrators' (JSAs) plan for returning money and custody assets to the fallen the discretionary fund manager's (DFM) clients. This follows action taken by the FCA last year to protect clients from further harm after discovering serious regulatory and operational issues. The JSAs will contact clients to outline next steps and any action they may need to take to access their money and investments. The watchdog also confirm...