Senior partners banned over Arch Cru failings
Two senior figures who were behind the serious failings of Arch Financial Products have been fined and banned from the financial services industry, concluding a long-standing legal battle.
Two senior figures who were behind the serious failings of Arch Financial Products have been fined and banned from the financial services industry, concluding a long-standing legal battle.
Banco Espírito Santo de Investimento subsidiary, Execution Noble & Company (ENCL) has been fined £231,000 for failings as a sponsor.
A BlackRock managing director who avoided £43,000 in ticket fares has been handed an industry ban by the Financial Conduct Authority (FCA).
The FCA has been heavily criticised over its handling of plans to conduct a discovery exercise into exit charges on historic life and pensions policies which caused significant short term damage to a number of companys share prices.
The Financial Conduct Authority (FCA) has proposed giving advisers a 50% reduction in the levy to fund the Government’s guidance guarantee service.
An FCA review of the use of in-house investment products by wealth management and private banking firms, while largely positive, has revealed some weaknesses in client communication.
Chase de Vere Independent Financial Advisers has been hit with a fine of £560,000 for misleading customers in the sale of Keydata products.
A Saudi businessmen is suing Barclays for $10bn in damages, claiming the company struck a secret settlement with the countrys government to further its own interests in the region.
A group representing investors into the EEA Life Settlements Fund has criticised the FCA for continuing to harm advisers by encouraging complaints against them in its bombshell warning on the controversial fund last week.
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.