The PIA has announced it has expelled the IFA firm Wentworths of White Hart House, Silwood Road, Ascot, Berkshire because it no longer meets the regulator's financial resources requirement.
The move means Wentworths is no longer authorised to conduct investment business.
The firm went into voluntary liquidation on June 18, 1999. At that time one or more investors filed a claim with the Investors Compensation Scheme and the Wentworths was officially declared to be in default.
When it was still in operation, the firm had three registered individuals.