FCA review of in house funds reveals
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.
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.
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Chase de Vere Independent Financial Advisers has been hit with a fine of £560,000 for misleading customers in the sale of Keydata products.
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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.
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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.
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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.
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The Financial Conduct Authority has fined and banned an IFA for life after he was found to have sold unregulated funds to retail investors.
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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.
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According to the Financial Conduct Authority, not enough is being done by firms to ensure best execution is being consistently delivered to clients.
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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.
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The financial conduct authority has published an alert on corporate bond funds, highlighting the risks associated with such funds.
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So far, over 927 applications for Alternative Investment Fund Managers Directive (AIFMD) authorisation or registration, the Financial Conduct Authority said.
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The Financial Conduct Authority has said it is negotiating a settlement for investors in the failed Connaught Income Funds.
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