Beaufort, which specialised in helping to raise money for the junior mining sector, was declared insolvent in March after the U.S. Department of Justice alleged it had a role in a more than $50 million stock fraud and a laundering scheme involving a work by Pablo Picasso.

The insolvency has frozen up to 40 percent of the assets of some of Beaufort’s 16,000 clients, comprising retail investors and small companies, which included dozens of junior miners.

The Financial Conduct Authority (FCA) declared Beaufort Securities Limited (BSL) and sister company Beaufort Asset Clearing Services Limited (BACSL) insolvent on the 2nd March 2018. 

The Beaufort Securities fiasco is highlighted in this podcast and Share Talk would like to thank both @ShareSocUK @ValueTheMarkets for the support they are offering to investors and hopefully, this will bring about change and ore protection in the marketplace.