UK regulator issues warning to three DFM senior managers
FCA says they were allegedly involved in a ‘coordinated arrangement’ which led to ‘customers suffering financially’
FCA says they were allegedly involved in a ‘coordinated arrangement’ which led to ‘customers suffering financially’
They were victims of unauthorised investment arrangements and advice
Company is currently in liquidation
Trusts included for the first time
Threshold would rise to £250,000 under legislation proposed
Jargon is a problem, say advisers
UK regulator still seeing ‘a number of problems’
Following an investigation by the UK financial watchdog
Reported u-turn will put Europe ‘even further behind the US and UK in promoting fair outcomes for investors’
It is looking for feedback by 4 July
Requirements will come into effect on 31 July
UK watchdog intervention involved 47 authorised firms