Ponzi scheme ordered to repay investors
Over £15m was raised from 1,000 people who were promised ‘unrealistic returns’
Over £15m was raised from 1,000 people who were promised ‘unrealistic returns’
Retail consumers often contacted by Cyprus-based firms selling these risky products
Permanent restrictions on sale of contracts for difference (CFDs) both direct and via intermediaries
UK watchdog boss blames regulation over fund issues and ‘puzzling’ timeline from Bailiwick exchange
Regulator outlines review as industry warns against making life even more difficult for clients
In specie transfers, exit fees and share class conversion among the issues
UK financial watchdog has made it clear that firms are expected to take up the challenge
Andrew Bailey says lessons learned from Equity Income suspension could require rule changes
While Omnis Investments drops the fund manager from its £330m fund
But professional indemnity insurance premiums increased by 16% to £94.4m
UK firms struggling to get PI insurance after limit raised to £350,000
Hammer blow from St James’s Place could spell the end, as Morningstar downgrades the fund