UK Financial Services Compensation Scheme (FSCS) declares Marvell Enterprises Ltd "in default" on 13 October 2023。

This means that FSCS can now pay compensation to customers if the claim is valid。The agency will continue to assess claims on a case-by-case basis。

Marvell was incorporated on 2 July 2019 and registered as a limited licence credit broker with the Financial Conduct Authority (FCA) in the UK on 16 January 2021 with a secondary brokerage licence.。They subsequently ceased operations on 11 November 2021.。

Marvell has been involved in the provision of high-yield bonds and ISA products and has engaged in unlicensed regulated investment activities.。

The FSCS has been working with the FCA and the Financial Ombudsman Service to investigate Marvell's activities.。

You may file a claim with FSCS if you have been involved in the consultation or arrangement of bonds, ISAs or any other products at Marvell。