Restrictions imposed on wealth management firm Strowz Ltd in response to significant concerns 22/05/2025

News Financial services Sanctions & Fines

Date: 22nd May, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

On 02/04/2025, the Financial Conduct Authority imposed restrictions on wealth management firm Strowz Ltd. The restrictions prevent Strowz from undertaking regulated activities and handling client money without express permission. The FCA's concerns centered around inadequate systems to prevent client money being mixed with the firm's own funds, potential access by third-parties, and unauthorized actions outside regulatory permissions.

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Financial Conduct Authority

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Restrictions imposed on wealth management firm Strowz Ltd in response to significant concerns 22/05/2025

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Restrictions imposed on wealth management firm Strowz Ltd in response to significant concerns 22/05/2025

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Financial Conduct Authority

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