Reyker Securities plc
What this means for you
Because Reyker Securities plc has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.
Background
Reyker Securities plc (FRN 115308), a provider of investment advice and unregulated collective investment products, was declared in default by the Financial Services Compensation Scheme on 17 March 2020. The firm had offered advisory services and access to collective investment schemes to retail clients. Former customers holding eligible investments may be entitled to compensation up to the FSCS limit of £85,000 per person, depending on the nature of their claims and the firm's client categorisation.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.