Sky Capital UK, a boutique broker owned by a suspended Aim-listed company whose Wall Street offices were raided by the FBI, has ceased Financial Services Authority-regulated activities. It said it was returning to clients all money held on their behalf.
Its parent company, Sky Capital Holdings, said that a related company, Sky Capital Enterprises, whose shares are also suspended on Aim, had extended another £1m to it through a revolving credit facility. The new line is in addition to the £2m facility SCE provided in May.
