Pacific Continental Securities (UK) Limited

Pacific Continental Securities (UK) Limited, was a boiler house operation that persuaded vulnerable people to buy shares that were unsuitable.

The Financial Services Compensation Scheme (FSCS) has now declared Pacific Continental Securities in default. Former clients may be in line for up to £48,000 (that is, 100pc of the first £30,000 and 90pc of the next £20,000) in compensation. The FSCS reports that as many as 4,500 investors may be eligible.

There will be two main types of claim. The mis-selling of US "Regulation-S" shares and AIM shares; as well as for cash or shares that have not been returned to the investors. Forms are being sent to everyone FSCS knows about with a claim against the firm.

Anyone who has not received one should contact FSCS as soon as possible.

The number is 020 7892 7300.

Emails can be sent to enquiries@fscs.org.uk.

Or write to :

FSCS
7th Floor,
Lloyds Chambers
1 Portsoken Street
London
E1 8BN.

 

 

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