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FCA announces restrictions it has placed on Nexus Independent Financial Advisers and Nexus Investment Managers

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Published on: 31 January 2023

Published by LNB News

LNB News 31/01/2023

Document Information

Issue Date: 31 January 2023

Published Date: 31 January 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has announced that, on 25 January 2023, it imposed a number of restrictions on Nexus Independent Financial Advisers (NIFA) and Nexus Investment Managers (NIM) which prevents them from carrying out any regulated activities and restricting access to their assets due to concerns about use of certain funds that appear to have been withdrawn by a senior individual in the firms.

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