2 companies declared as failed by FSCS


The FSCS has immediately declared two regulated recommendation companies as failed, opening the door to compensation claims.

The 2 companies used a lot of buying and selling names.

Appointed rep Juno Moneta Wealth Restricted (FRN 669519), of Cardiff, traded as Teal Monetary and in addition as Empower Wealth Administration and NAPIT Wealth.

The agency was an appointed rep of Community Direct Restricted till August 2018. It was now not authorised after August 2018.

The FSCS stated Juno had an excellent declare in opposition to it for unsuitable funding recommendation.

The opposite agency named immediately is London-based The Oracle Consultants Restricted (FRN 618258). The declare in opposition to this agency is a basic funding declare, the FSCS stated.

Oracle used a lot of buying and selling names together with Incisive Wealth, Incisive Dental and Incisive Wealth Administration. It went into liquidation in 2014.







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