The Financial Conduct Authority (FCA) has ordered a wealth management firm to cease operations, while the High Court has appointed interim managers and made an arrest.
WealthTek – which also trades under the names Vertem Asset Management and Malloch Melville – must immediately cease carrying on all regulated activities, following “serious regulatory and operational issues coming to light”.
As a result, the FCA and the High Court has appointed Shane Crooks, ...
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