Hume Capital Securities plc
Reference number: 504211
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Authorised, but in an insolvency process
This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.
What the FCA says
ATTENTION - Firm in an insolvency process
This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).
Identity
Check their details
Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.
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No website on the FCA register
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Verified phone number
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Verified address
3rd Floor, 1 Carey Lane, London, EC2V 8AE, United Kingdom
Also trades as 6 other names
- CFD Trade
- HC Markets
- Hume Capital
- Hume Capital Investment Research
- Hume Capital Markets
- XCAP Asset Management
Company details
From the company's Companies House record.
Concerns on the company record
- Companies House records this company in administration, but it is still authorised on the FCA register.
- Accounts are overdue at Companies House.
- Confirmation statement is overdue at Companies House.
- This company has insolvency history on record.
- Company number
- 06920660
- Company status
- Administration
- Company type
- Public limited company
- Incorporated
- 1 June 2009 (17 years old)
- Registered office
- Riverside House, Irwell Street, Manchester, M3 5EN
- Nature of business
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- Activities of financial services holding companies (SIC 64205)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Kenneth Reginald Dawson West | Director | May 1954 | 13 Sep 2010 |
| Jonathan David Freeman | Director | Apr 1965 | 3 Aug 2012 |
| Peter Edward Middleton (Sir) | Director | Apr 1934 | 16 Aug 2012 |
Activities and protection
What the record covers, and how you are protected
- In an insolvency processMoney the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
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- Advising on investments (except on Pension Transfers and Pension Opt Outs)
- Advising on P2P agreements
- Arranging (bringing about) deals in investments
- Arranging safeguarding and administration of assets
- Dealing in investments as agent
- Dealing in investments as principal
- Making arrangements with a view to transactions in investments
- Managing investments
- Safeguarding and administration of assets (without arranging)
- Sending dematerialised instructions
Track record
Action taken against them
1 fine in 2013, £120,900 in total. This is part of the official register record and is worth reviewing before going ahead.
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Fined £120,900 on 18 June 2013
On 31 May 2013, the FCA imposed a financial penalty of £120,900 on Xcap Securities Plc for breach of Principle 3 (management and control) and Principle 10 (client assets) and breach of certain rules within the Client Assets Sourcebook. The breaches occurred between 29 June 2010 and 31 August 2011 (the Relevant Period). Xcap agreed to settle under the FCA's executive settlement procedures at an early stage of the FCA's investigation and therefore qualified for a Stage 2 discount (20%). Were it not for this discount, the FCA would have imposed a financial penalty of £151,136. In the Relevant Period, there were serious failings by Xcap to adequately protect client money and client assets. Xcap's breaches included failure to properly segregate client money from its own, failure to maintain accurate records and accounts of client money and safe custody assets and failure to carry out accurate client money reconciliations. This resulted in the risk that, had Xcap become insolvent, its clients could have faced difficulties and delay in recovering their money and assets
Previously registered as
The FCA register holds 3 earlier registered names for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.
- Capco Capital Limited
- Xcap Securities Limited
- XCAP Securities plc
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