HDH Investment Services enters liquidation

HDH Investment Services (HDH), which advised on and arranged deals in investments, has entered creditors’ voluntary liquidation (CVL).

The Financial Conduct Authority (FCA) confirmed that Dina Devalia and Tom Parish of Quantuma Advisory have been appointed as joint liquidators.

HDH, a financial intermediary providing financial brokerage and advisory services, had been authorised by the FCA since July 2016.

In January this year, HDH agreed to stop carrying out any regulated activity, after the FCA raised concerns that the firm may have given unsuitable financial advice to some of its customers, potentially leading to financial loss.

This meant that the firm could no longer give investment advice, The firm’s office in London closed immediately.

The regulator confirmed that HDH currently remains subject to supervisory oversight and its rules, and that it would work closely with the joint liquidators.

---