FCA bans adviser for failures in advice given to BSPS members
With the FSCS paying out over £8.4m in compensation to customers
Fine
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FCA fines nearly triple in a year
While US regulator raked in record $6.4bn in penalties
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Investment manager fined and banned in Qatar
After he ‘provided misleading information’ to the regulator
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SEC fines ex-Blackrock manager for conflict of interest
Randy Robertson has been handed a $250,000 penalty for failing to disclose ties to a film distribution company
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Number of fines issued by the FCA doubled in 2022
As the UK regulator looks to take a more ‘proactive and assertive approach’
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‘Woeful’ British Steel IFA company fined £2.4m
It provided unsuitable pension transfer advice to both BSPS and other DB members
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Swiss-Asia AM fined HK$3m for regulatory breaches
It failed to monitor record keeping and trading activities in discretionary accounts
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Kim Kardashian to pay $1.26m to settle crypto charges
She tried to sell digital assets on social media without disclosing she was being paid by the provider
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AMP subsidiaries fined A$14.5m over fees for no service
Over 1,400 clients were charged for financial advice they didn’t receive
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Nine US investment advice firms charged with regulatory breaches
They have all agreed to pay combined penalties of over $1m
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Westpac superannuation subsidiary fined A$20m
For charging clients commission despite the practice being banned since 2013
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Gam fined £9m for conflicts of interest involving Greensill
Sacked bond manager received £22,000 worth of gifts and entertainment