FCA fines and bans broker over dishonest UCIS
The Financial Conduct Authority has fined and banned an IFA for life after he was found to have sold unregulated funds to retail investors.
FCA
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FCA sees cross-border rise
Requests to the UK’s Financial Conduct Authority from international regulators increased last year as a result of more cross-border investigations.
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Heavy fines reveal FCA clampdown on market abuse
Market abuse was one of the Financial Conduct Authoritys most handled offences in 2013, with the regulator issuing over £340m worth of fines for the crime.
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FSCS declares four IFAs in default over
The Financial Services Compensation Scheme (FSCS) has declared four IFA firms in default after they proved unable to compensate an increasing amount of SIPP complaints made against them.
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Lloyds Group fined 105m by FCA over SLS
Lloyds Banking Group has been fined £105m by the FCA over extremely serious SLS and LIBOR rigging in the regulators third highest fine of all time.
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Ex JPM Cazenove chairman fined 450k by FCA
The Financial Conduct Authority has fined the ex-chairman of JP Morgan Cazenove, Ian Hannam, £450,000 for two instances of market abuse.
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APFA calls for FCA retirement advice review
The Association of Professional Financial Advisers (APFA) has said the FCA should review the advice consumers receive as they approach retirement, during what it calls an unprecedented period of change for the UK.
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FCA seeks redress for investors
The Financial Conduct Authority has said it is negotiating a settlement for investors in the failed Connaught Income Funds.
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fca recommends unbundling research
The Financial Conduct Authority has recommended sweeping structural changes to the type of research investment managers can pay for with dealing commissions.
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post rdr adviser world struck by costs
Regulations should be pared down and costs reduced to foster a competitive and sustainable adviser market, a report compiled by APFA revealed.
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Ex Schroders trader charged with insider dealing
The Financial Conduct Authority has charged a former Schroders equities trader with nine counts of insider dealing.
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Credit Suisse and Yorkshire Building Society fined
Credit Suisse International (CSI) and Yorkshire Building Society have been fined £3.8m by the Financial Conduct Authority for misleading investors on a widely sold structured product.