On 11 March, Bullseye Financial, which is based in the City of London, agreed to a voluntary requirement to stop carrying out any regulated activity.
The FCA said that Bullseye Financial had also provided some services to clients of HDH Investment Services Ltd which itself went into liquidation on 16 April.
The Financial Services Compensation Scheme today placed Bullseye Financial under investigation and has already been investigating HDH Investment Services. The FSCS said it was not open to potential customer claims against Bullseye.
Customers of Bullseye Financial can contact the joint administrators on:
The FCA has warned clients of the firm to be wary of fraudsters pretending to be from Bullseye Financial or claiming to be from the joint administrators and asking clients to pay money to get their money back.
The FCA has advised clients to only use the contact details above and ignore people claiming to be from the firm.
