You might be eligible for compensation
FSCS is now considering customers’ claims against Marvell Enterprises Ltd (“Marvell”).
Marvell was incorporated on 2 July 2019 and was registered with the Financial Conduct Authority (FCA) from 16 January 2021 as a limited permission credit broker, with secondary broking permission. They were subsequently closed to business on 11 November 2021.
Marvell was involved in offering high-yield bonds and ISA products and carrying out regulated investment activities for which it did not have permission.
FSCS has been working with the FCA and the Financial Ombudsman Service to investigate Marvell’s activities.
FSCS is now considering whether valid claims exist under its rules in connection with those activities.
If you believe Marvell was involved in advising on and/or arranging a bond, ISA or any other product, you can make a claim against the firm with FSCS.
All claims will be considered on a case-by-case basis, to determine whether you are eligible for compensation.
The latest news regarding our work on Marvell will appear on this page. We will update this page as our investigations progress. Customers should subscribe to this page to receive the latest updates.
Latest updates
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13 Oct, 2023
FSCS declared Marvell Enterprises Ltd ‘in default’ on 13 October 2023. This means FSCS can now pay compensation to customers if claims are valid.
We continue to assess claims on an individual basis.
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31 Aug, 2023
We have now finished our investigations into Marvell Enterprises Ltd. We’re sorry that it’s taken some time to reach this stage and we’re grateful for your patience.
All submitted claims made against Marvell Enterprises Ltd will shortly be moving to our claims processing teams for assessment.
All claims will be considered on a case-by-case basis, to determine whether they are eligible for compensation.
If you think that you’ve got a claim against Marvell Enterprises Ltd, click the ‘Check if you can claim’ button to start the process.
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05 Apr, 2023
Our investigations are now at an advanced stage. Once completed, we’ll be able to confirm whether customers may have valid claims against the Firm.
We thank you for your continued patience and we will provide an update on our investigations when we can.
If you think that you may have a claim against Marvell Enterprises Ltd, click the ‘Check if you can claim’ button at the top of the page to start the process.
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14 Feb, 2023
In July 2022, to assist with our investigations, FSCS started to accept customers’ claims against Marvell Enterprises Ltd. (“Marvell”).
Although we're accepting claims against Marvell, the firm has not been declared “in default” and so they have not been passed to our processing teams for assessment. We need to first establish whether the claims are eligible under our rules.
The information we have received is helpful and our investigations into Marvell are continuing.
If you think that you may have a claim against Marvell Enterprises Ltd, click the ‘Check if you can claim’ button at the top of the page to start the process.
We thank you for your continued patience and we will provide an update on our investigations when we can.
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11 Nov, 2022
FSCS announced in July 2022 that we had started to consider customers’ claims against Marvell Enterprises Ltd (“Marvell”).
Since then, our investigations into Marvell have continued and we've worked closely with the FCA during this time.
Following earlier consumer warnings by the FCA against Marvel and seven linked firms, the FCA submitted winding-up petitions.
On 18 October 2022, the Court ordered that Marvell be wound up and an official receiver was appointed.
Marvell was involved in offering high-yield bonds and ISA products and carrying out regulated investment activities for which it did not have permission.
If you believe you received bad advice from Marvell, you can make a claim against the firm to FSCS.
All claims will be considered on a case-by-case basis, to determine whether you are eligible for compensation.
The latest news relating to our work into Marvell will appear on this page. We will update this page as our investigations progress. Customers should subscribe to this page to receive the latest updates.