The Financial Services Compensation Scheme has opened investigations into two more regulated firms as it launches a spate of probes into firms.

Essex IFA firm EB Securities Limited (FRN 478541) has been declared in default today (14 August) by the Financial Services Compensation Scheme.

The Financial Services Compensation Scheme has declared failed mini-bond linked firm Equity For Growth (Securities) Limited (EFG) as in default.

The Financial Services Compensation Scheme (FSCS) is planning to make consumers more aware of the £85,000 limit on investment claim compensation which has not increased since 2019.

Manchester-based alternative investment manager MCI Global Investment Advisors Limited (FRN: 948996) has been declared in default today after 58 claims were received against the firm which went into liquidation in October.

Sheffield wealth manager Green Wealth Management Limited (FRN: 729066) has been declared in default by the Financial Services Compensation Scheme after being unable to meet claims against it.

The FSCS has declared in default failed IFA Nexus Independent Financial Advisers (FRN 584769) of Fareham, Hants, which was run by high-profile founder Kerry Nelson.

Kent-based financial advice firm Christopher Barker, trading as Apollo Pension & Investment Advisers (FRN: 470611), has been declared in default by the Financial Services Compensation Scheme.

North East-based financial advice firm PCM Asset Management Limited (FRN: 589116) has been declared in default by the Financial Services Compensation Scheme.

The Financial Services Compensation Scheme (FSCS) has today appointed interim CEO Martyn Beauchamp as its permanent CEO.

West Yorkshire adviser firm Reis Financial Planning Ltd (FRN: 673257) has been declared in default by the Financial Services Compensation Scheme today after a first claim against the firm was upheld.

A Surrey-based financial adviser firm which was dissolved in 2015 has this week been declared in default by the FSCS.

The Financial Services Compensation Scheme has declared Leeds-based pension transfer adviser Gainsborough Financial Services (FRN: 145971) in default.