UK watchdog takes duo to court after investors lose £30m
They reportedly promised investments in care homes for returns ranging between 8% and 10%
FCA
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FCA scam warnings increase over 300% in five years
As clone firm cases make up half of watchdog fraud alerts
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Wealth firm’s DB transfers to be scrutinised
To assess if some clients are due compensation for the advice they were given
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FCA can’t give ‘specific comfort’ of when FSCS levies will fall
As newly appointed CEO says second lockdown may be the ‘tipping point’ for small firms
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Trio of financial advisers on sex offender register banned
They were all handed custodial sentences for varying charges
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British Steel IFA firm enters liquidation
It stopped offering DB transfer advice and suspended its permissions in 2017
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FCA writes to 55 firms over misleading financial promotions
No enforcement action has been taken but the UK watchdog has a ‘number of ongoing investigations’
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Another blow for property funds on the horizon?
Conflicting rules set to cause headaches for Isa investors
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Is the Senior Managers & Certification Regime ‘fit for purpose’?
FOI finds that regulation has sparked just one enforcement action in nearly five years
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FCA is ‘out of control’ says advice firm CEO
Rising PI, regulatory fees and levies mean ‘we need to have an industry voice at the table’
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Pimfa calls for supervision of unregulated financial promotions
Trade body argues it would improve market and reduce burden on lifeboat scheme
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Goldman Sachs to pay over $2.9bn to settle 1MDB case
As Swiss regulator reduces BSI penalty in relation to the Malaysian sovereign wealth fund