Address
109 Dundrennan Road
Glasgow
Lanarkshire
G42 9SL
G 4 2 9 S L
UNITED KINGDOM
Walker Cumming
Current Status: No longer authorised
Reference Number: 147372
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfFm7AAF
A firm with the status "No longer authorised" may have had its authorisation removed for a variety of reasons, such as voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action, failure to pay fees, or inactivity. It is important to check the FCA register or contact the FCA directly for more information regarding the firm's authorisation status and the precise reasons for any changes.
This may include establishing adequate internal systems, controls, and procedures, providing staff with sufficient training and support, implementing proper disclosure and transparency measures, managing conflicts of interest, adhering to conduct rules, protecting clients, preventing financial crime, complying with data protection rules, and meeting capital and liquidity requirements.
The Financial Conduct Authority (FCA) has been working diligently to ensure that consumers are protected from mis-selling and treated fairly in the UK's financial services industry. In the past, several high-profile cases of financial mis-selling have come to light, such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. These cases have resulted in millions of consumers being compensated with billions of pounds in redress. To prevent mis-selling in the future, the FCA has implemented a number of measures, including enforcement actions, compensation schemes, and new regulations to improve disclosure and transparency. However, the risk of mis-selling remains an ongoing concern, and it is important for both regulators and the industry to remain vigilant.
If you think you have been mis-sold a financial product or service in the UK, the first step is to contact the firm that sold it to you and file a formal complaint. If the firm rejects the complaint or the response is unsatisfactory, you can escalate the issue to the Financial Ombudsman Service. You may also be able to claim compensation from the Financial Services Compensation Scheme if the firm responsible for the mis-selling is no longer in business or has been declared in default. It's important to act quickly, as there may be time limits for filing claims. Consider seeking independent financial or legal advice if the claim is complex or involves a large sum of money.