A whistleblower raised concerns about discretionary fund manager (DFM) WealthTek to the FCA two years prior to the firm collapsing, Citywire New Model Adviser has learned.
Newcastle-based WealthTek was placed into special administration on 6 April, after the FCA filed an application to the High Court. Special administrators BDO later revealed there was an 81.4m
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The mystery of the DFM custodian without FCA client money permissions FCA ordered review into DFM a year before 81m went missing
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