Beaufort Securities

Gashead1950

Can someone please help me here. A few years ago i held an Advisory Stockbroking Account with Beaufort Securities, the advisory account was managed by one of Beauforts nominated advisors and he placed all the trades on this account as i was unable to buy/sell, he did this for me. In 2018 Beaufort Securities went into Administration and the Administrators PWC, have now found a deficit on this Advisory Account of 3,300.00 and are demanding i pay the monies to them. As this was an Advisory account and i did not place any of the trades, how could this of happened and do i legally have to repay the Money??
For the record i have an ongoing case with Palmira Capital against Beaufort as i believe i was mis sold investments.
Any help would be greatly appreciated as this has become very stressful.

masonic

Rather than inviting others to speculate on how if could have happened, it would be rather more productive to obtain statements of your account and establish for yourself how it actually happened, or ask PWC. Depending on the nature of the transaction(s) that led to the £3,300 deficit, it may be a loss that is eligible for FSCS compensation.