FSCS steps in at Pritchard Clients of Pritchard Stockbrokers can claim from the Financial Services Compensation Scheme after administrators identified shortfalls in the client assets owned by the company. Pritchard, which served over 11,000 clients from offices the south-west of England, was shut down by the Financial Services Authority in February 2012. Its client list was subsequently sold to WH Ireland for £500,000, but when the process of transferring client assets began, the administrators found shortfalls in some lines of stock. Tim Ball, administator at Mazars, said the shortfalls were mostly due to inputting errors by the company, which operated with nominee share dealing accounts. He said that the sums involved were small relative to the £390m the company had under management when it entered administration. About 850 individuals are affected, he added. Holders of the 18 stocks subject to shortfalls - which include Premier Foods and Renishaw - will be allocated shares on a pro-rata basis and may claim from the FSCS for the difference. A spokesman for the FSCS confirmed it was dealing with some asset claims, and had previously agreed to reimburse clients for cash shortfalls totalling over £3m. Among Pritchard's higher-profile clients was Rangers FC, the Glasgow football club that went into administration around the same time. Rangers" then-chairman Craig Whyte was also company secretary of Pritchard, and a shareholder in the broker.