Stockbroker Fyshe Horton Finney has entered special administration on the grounds that it is unlikely to be able to pay its debts.
An FSA announcement today confirmed the move with Harrisons Business Recovery & Insolvency appointed as administrators.
FHF is a small investment firm offering discretionary, advisory and execution-only business across 15 regional offices.
It is the fourth time a firm has entered a special administration regime which was brought in in February 2011 to ensure return of client assets as early as possible, to ensure timely engagement with market infrastructure bodies and the authorities and to rescue a firm or wind it up in the best interests of creditors.
The special administrator can direct suppliers to the firm to continue to provide services to the business to facilitate an orderly resolution.
The FSA is instructing any clients of FHF to contact the administrators.