An article on Sharesoc about the problems with Beaufort Securities and list of companies Beaufort has been involved with.
https://www.sharesoc.org/blog/regulations-and-law/beaufort-regulators-us-prosecutors-expose-wide-ranging-scam/
Am I right in saying that only £50k of cash in an ISA is guaranteed by the FSCS unless they are also a licensed deposit taker in which case it is £85k?
Are people splitting up their ISA as they grow in size to mitigate the risk of fraud/malpractice or going over the cash guarantee limits?
I have had very satisfactory service from iDealing over the years but in view of the above and that they are a privately owned company I am wondering if I should be limiting my exposure?
