FCA warns on 94 unauthorised binary options traders
The Financial Conduct Authority has named and shamed just shy of 100 firms that are engaged in unauthorised binary option trading.
Regulation
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FCA slams CFD market where ‘majority’ lost money
More than three-quarters of customers who bought a CFD product in 2015/16 lost money the Financial Conduct Authority (FCA) has revealed in a stinging criticism of the market.
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Getting to grips with Priips
After months of planning, EU regulations Mifid II and Priips finally came in to full force last week, but uncertainty around what it means for US funds on platforms remains.
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Banned RBS trader accuses FCA of ‘scapegoating’
A former RBS trader accused of manipulating a Libor rate has hit back at regulators claiming he has been used as a scapegoat for what is a “systemic” issue.
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FCA bans former RBS trader for role in Libor scandal
A former RBS trader has been banned from working in finance and fined £250,000 by the Financial Conduct Authority (FCA) for his role in the Libor rigging scandal.
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Platforms suspend funds over missing Priips document
Bestinvest has temporarily removed a handful of investment trusts from its platform as providers failed to deliver the documents required by regulations which came into force last week.
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FSCS system overhauled after Arch Cru compensation failure
Financial compensation calculations have been overhauled following failures which meant beleaguered investors in two Arch Cru funds were underpaid by about £800,000.
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HMRC reveals top 10 tax fraud cases of 2017
In its ongoing fight against tax evasion, HM Revenue & Customs has revealed its top 10 tax fraud and organised crime cases of 2017. The list includes people with offshore accounts, a would-be spy, millionaires, accountants and data thieves. All cases came with large prison sentences.
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Retail space facing £24m bill to cover FSCS shortfall
Wealth managers and advisers are facing a £24m bill to cover a shortfall in funding for the Financial Services Compensation Scheme (FSCS), it emerged this week.
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Futures traders strike two-year Mifid transition deal
The Financial Conduct Authority (FCA) has given two futures traders until 2020 to comply with updated Mifir requirements which come into effect today.
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How prepared is the industry for Mifid II?
After months of talking and planning, Mifid II is finally here, but is the asset management industry ready for the bombshell to land?
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Mifid II to boost passive exposure
Europe’s passive funds will be given a boost in 2018 at the expense of active funds thanks to Mifid II’s drive for cost transparency, according to research firm Cerulli Associates.
