ExSJP partner faces 300k fine and industry ban
An ex-partner at St. Jamess Place faces an industry ban and £300,000 fine after his clients lost millions from investments into companies that he controlled.
An ex-partner at St. Jamess Place faces an industry ban and £300,000 fine after his clients lost millions from investments into companies that he controlled.
The Financial Conduct Authority has fined and banned an IFA for life after he was found to have sold unregulated funds to retail investors.
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.
According to the Financial Conduct Authority, not enough is being done by firms to ensure best execution is being consistently delivered to clients.
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.
The financial conduct authority has published an alert on corporate bond funds, highlighting the risks associated with such funds.
So far, over 927 applications for Alternative Investment Fund Managers Directive (AIFMD) authorisation or registration, the Financial Conduct Authority said.
The Financial Conduct Authority has said it is negotiating a settlement for investors in the failed Connaught Income Funds.
According to Rob Boardman, the FCAs recent recommendation to unbundle the payment of research from dealing commissions could be a boon for independent dealers and research houses.
The Financial Conduct Authority working together with the Prudential Regulation Authority have published the detailed terms of reference for the review into the failure of HBOS.
According to the FCA, the bundled supply of execution and research services by brokers makes price discovery difficult.
The Financial Conduct Authority has launched a review of competition in the wholesale sector with the aim of identifying areas that merit an in-depth market study.