Pacific Continental Securities (UK) Limited (in liquidation)

Financial Services Authority
FINAL NOTICE
To: Pacific Continental Securities (UK) Limited (in liquidation)
Of: c/o Smith & Williamson Limited
Prospect House
2 Athenaeum Road
London
N20 9YU


Date: 27 January 2009
TAKE NOTICE: the Financial Services Authority of 25 The North Colonnade, Canary
Wharf, London E14 5HS (“the FSA”) gives you final notice about the issue of a public
censure:
1. THE PENALTY
1.1. The FSA gave Pacific Continental Securities (UK) Limited (“PCS”/“the Firm”) a
Decision Notice on 23 December 2008 that pursuant to Section 205 of the Financial
Services and Markets Act 2000 (“FSMA”), the FSA had decided to issue a public
censure in relation to the Firm.
1.2. Accordingly, for the reasons set out below, the FSA imposes a public censure against
the Firm.
2. REASONS FOR THE ACTION
Summary
2.1. The FSA has decided to impose a public censure on the Firm for breaches of the
Principles for Businesses (“the Principles”) in connection with advising on and
arranging the sale of certain higher risk securities to customers between 1 April 2005
and 20 June 2007 (“the Relevant Period”).

 

We have the full history on Pacific Continental documented here.

 

date added: 06/07/2012  ·  source: fsa.gov.uk

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Mis-sold Shares Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities Licence number CRM:30945

 

Start Your Claim Today!

A claim for mis-selling can arise if you have suffered losses as a result of negligent advice from a stockbroker or IFA.

 

  • Did you complete a fact find?
  • Were you over exposed in high-risk shares?
  • Were you pressurised to buy?
  • Were you told that they owned the shares and had a mark up / mark down?
  • Were recommendations suitable?

 

Complete this form, we will then contact you and advise you on your next steps...

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