Pello Capital Ltd
Under investigation 09 May 2023
Pello Capital Ltd was authorised by the FCA from 5 February 2007 until 15 November 2022. Pello is a wealth management firm that offers a range of services to its clients, including stockbroking, online share dealing, foreign exchange trading, corporate broking and pensions.
Pello Capital Ltd (Pello) was placed in creditors voluntary liquidation by its directors on 14 December 2022.
The directors of Pello decided to place the firm in creditors voluntary liquidation, following action taken by the FCA to place requirements on Pello which stopped it from conducting regulated activities and restricting it from disposing of assets.
Adam Stephens and Mark Ford of Evelyn Partners LLP have been appointed Liquidators of Pello.
FSCS is now accepting claims against Pello Capital Ltd.
FSCS is currently working closely with the Liquidators while we investigate whether customers who have submitted claims to us are eligible for compensation under our rules, as set by FCA. Until we have finished our investigation, we cannot say whether we will be able to pay compensation to any customers who submit claims to FSCS against Pello Capital ltd.
We will provide updated information via our webpage as our investigation progresses, and we will notify all customers that have submitted claims when an update has been posted.
See our investment compensation limits and their conditions on our Investments page.