Equity for Growth (Securities) Limited has entered liquidation on petition by the FCA.
EFG is a corporate finance firm, and acted as principal for several appointed representatives between 2015 and 2020. The FCA petitioned the High Court to place the firm into liquidation as it had received a large number of complaints which were referred to the FOS. The FCA considered that the EFG was insolvent and did not have the appropriate resources to meet the compensation consumers may have been owed. The firm entered liquidation on 25 March 2026.
The FCA filed its petition on 18 October 2024 for EFG to be wound up so that claims could be assessed by the FSCS. The winding up of EFG will be managed by the Official Receiver.
On the same day as the winding-up order, the FCA placed a restriction on EFG to prevent it from conducting regulated activities.