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.