11 July 2022 | Comment | Article by Neil Stockdale

Colbourne & Company, face restrictions from the FCA, stopping them from carrying out any regulated activity

The FCA has placed restrictions on Colbourne & Company, after discovering its advisor was carrying out regulated activities, beyond their permissions under Part 4A of the Financial Services and Markets Act 2000.

It is alleged that Colbourne & Company, elicited unauthorised fees for carrying out the activities of somewhere in the region of £218,000 to £250,000.

Colbourne & Company, which operated in Tamworth as a sole tradership had a client portfolio which consisted mainly of elderly and vulnerable clients.

The restrictions imposed by the FCA aim to stop Colbourne & Company from reducing the value of its assets, which include the unauthorised fees.

If you think you may have been mis-advised by Colbourne & Company, then you could be entitled to compensation.

If you would like a free, no-obligation chat, then contact the Financial Mis-Selling Team on 029 2267 5700 to find out how we can help you. We offer ‘no win, no fee’ funding on approved cases.

Author bio

Neil is head of the firm’s group actions and financial mis-selling teams, specialising in handling claims for financial mis-selling relating to energy contracts, pensions, investments and timeshares.

Disclaimer: The information on the Hugh James website is for general information only and reflects the position at the date of publication. It does not constitute legal advice and should not be treated as such. If you would like to ensure the commentary reflects current legislation, case law or best practice, please contact the blog author.

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