The Financial Conduct Authority (FCA) has issued a warning that HDH Investment Services may have given unsuitable financial advice to some of its customers.
This unsuitable advice has potentially led to financial loss for those affected, the regulator noted.
The FCA placed recently placed restrictions on HDH, with the firm agreeing to stop carrying out all regulated activities from 20 January 2026.
HDH therefore cannot currently give investment advice, and it has agreed to write to all customers to explain what the restrictions mean.
Under the terms of the restrictions, HDH must not dispose of, withdraw, transfer, deal with, or diminish the value of any of its known assets without written consent from the FCA.
Additionally, all relevant funds must be appropriately ringfenced in designated client money accounts.
The FCA told customers they had the right to complain if they felt they were given unsuitable advice or were unhappy with the service they received from HDH.
Those who needed financial advice were urged to contact another FCA-authorised financial adviser.
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