Beaufort Securities hit by FCA restriction - part 2
The demise of Beaufort Securities gripped the City last week. But regular readers of this website would have known that something wasn't quite right at the firm after it emerged the FCA had slapped a restriction on the broker's discretionary fund management business. Here is a link to last year's article:
To be clear, that restriction may well have nothing to with last week's shenanigans. Indeed, for legal reasons Betaville can't really explain why the FCA placed that restriction on Beaufort.
However, if you are a regular reader of Oliver Shah's excellent Prufrock column in The Sunday Times you might be able to take an educated guess.....