Arrest as financial services investigation continues

A 49-year-old man has been arrested amid a probe into the affairs of a financial services company.

The City of London Police and the Financial Conduct Authority (FCA) are still working on an investigation concerning the affairs of HBFS Financial Services Limited, a wealth management company.

The FCA today announced that a 49-year-old man from Borehamwood had been arrested.

It added: “HBFS’s customers are advised to check the status of any investments made through HBFS and, if they have any concerns, to contact City of London Police.”