Guernsey investment firm fined
As managing director receives three-year ban
As managing director receives three-year ban
He offered seminars and made investment recommendations on social media
But the firm’s CEO tells IA they were placed on the business by the FCA on a ‘voluntary basis’
And advice firm gets licence cancelled
High-risk customer transactions generated up to 99% of the branch’s profits
DC schemes front and centre but scant mention of defined benefit pots
He dishonestly took money from his clients
As the regulator continues to move towards a ‘polluter pays’ FSCS model
‘The current rules make it very difficult for consumers to get the information they need’
It is writing to principal firms requesting mandatory information about their ARs
It has been criticised for the misleading information that it provided to investors
A total of 22 claims have already been filed with the FSCS