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ARs in the dark about Citri future

Appointed representatives of Citri have complained of being left out in the cold by the firm regarding its future.

Mortgage Strategy recently reported that the company’s future was in doubt after a deal to transfer its 138 advisers to Openwork fell through.

At the time, Openwork said it was in discussions with Citri and looking at ways its advisers could continue to trade.

Since then Citri’s website has ceased operating and there is no response to telephone calls.

One AR who contacted Mortgage Strategy says: “For many weeks now we have been in turmoil over the outcome of Citri’s troubles and we are still none the wiser with regard to its demise.”

He says he has heard the firm is in receivership, but has not received confirmation from Citri or been told whether outstanding commission will be paid.

Openwork says it is unable to comment and Mortgage Strategy was unable to contact Citri chief executive Keith Atkinson.

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  • I A khan 22nd June 2011 at 7:42 pm

    Not suprised by this.
    i joined citri in 2007 and built up a good commission level with them only to be terminated and am still chasing my commission through the legal process as they are in breach of their own contract in not paying me.
    i am still working in financial servicesand appeal to anyone to forget about a bunch of cowboys (including their not so smooth talking chief executive keith atkinson ad hi secretary Linda hornsby).
    this firm simply do not give a toss about its advisers nor customers.
    take them to court ASAP like i am doing.
    claiming receivership is an insult to anyone who has wasted their precious time being associated with keith atkinson and citri.

  • Sam Jones 7th June 2011 at 12:32 pm

    Slightly worrying given that Citri’s FSA permissions seem to have ended in April – hope these ARs aren’t still trading under the false impression that they’re still authorised…