The Financial Services Compensation Scheme has declared Cardiff-based pension firm The London Trading Company (UK) Ltd (FRN: 678985) in default.
The FSCS has declared in default a Hull-based financial adviser which provided SIPP and investment advice.
A well known former adviser and trainer of advisers has been handed a nine year disqualification.
A disgruntled adviser who said it was unfair he should pay a regulatory bill caused by rising Sipps compensation claims has failed to win his case.