FSCS now considering claims against Marvell Enterprises Limited
The UK Financial Services Compensation Scheme (FSCS) is now considering customers’ claims against Marvell Enterprises Limited.
Marvell was incorporated on 2 July 2019 and was registered with the Financial Conduct Authority (FCA) from 16 January 2021 as a limited permission credit broker, with secondary broking permission. They were subsequently closed to business on 11 November 2021.
The FCA issued a warning regarding Marvell in November 2021.
Marvell was involved in offering high yield bonds and ISA products and carrying out regulated investment activities for which it did not have permission.
FSCS says it has been working with the FCA and the Financial Ombudsman Service to investigate Marvell’s activities.
The Schene is now considering whether valid claims exist under its rules in connection with those activities.
If you believe Marvell were involved in advising on and/or arranging a bond, ISA or any other product, you can make a claim against the firm with FSCS. All claims will be considered on a case-by-case basis, to determine whether you are eligible for compensation.