Special Administrators of SVS Securities Warn about a Fraudulent Email

Special Administrators of SVS Securities Warn about a Fraudulent Email

July 13, 2021

The Joint Special Administrators of the failed broker SVS Securities PLC issued an urgent notice, warning all clients about an unauthorized email that contains an apparent malicious link. According to Leonard Curtis, the SVS Securities’ administrator, the email encourages people to click on a link to confirm their current passwords as their current ones had expired.

However, the firm said that such a message wasn’t sent by its team and thus ask people not to click on the link contained within the mail. “We encourage you to remain vigilant and to exercise caution when dealing with correspondence regarding the Special Administration. If you are in any doubt regarding the authenticity of correspondence or communication that you may receive, please do not hesitate to contact the Joint Special Administrators by email,” Leonard Curtis’ representatives noted.

No Details on the Bogus Email

As of press time, there are no further details on the email’s structure and which specific message contains. Also, there are no reports on which is the URL that the malicious link redirects and if it is, in fact, forwarding to a fraudulent website or prompting to download a malware.

The failed broker was placed in Special Administration by its directors on August 5, 20219. Currently, Andrew Duncan, Andrew Poxon, and Alex Cadwallader, of Leonard Curtis Recovery Ltd are the special administrators appointed by a UK High Court. “Julien Irving was subsequently replaced as Joint Special Administrator by Andrew Duncan of Leonard Curtis on 12 May 2020. The affairs, business, and property of SVS Securities PLC are being managed by the Joint Special Administrators who act as agents of the Company, without personal liability. Andrew Poxon, Alex Cadwallader, and Andrew Duncan are authorized to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. SVS Securities PLC is authorized and regulated by the Financial Conduct Authority,” the firm stated on its website.

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