Chase de Vere fined 560k for Keydata sale failings
Chase de Vere Independent Financial Advisers has been hit with a fine of £560,000 for misleading customers in the sale of Keydata products.
FCA
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Barclays accused of betraying duties t
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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EEA group slams FCA for victimising advisers
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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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.
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FCA fines and bans broker over dishonest UCIS
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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Heavy fines reveal FCA clampdown on market abuse
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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UK firms not doing enough to ensure best execution
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 Group fined 105m by FCA over SLS
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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FCA cautions investors on corporate bond funds
The financial conduct authority has published an alert on corporate bond funds, highlighting the risks associated with such funds.
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All calm ahead of AIFMD deadline
So far, over 927 applications for Alternative Investment Fund Managers Directive (AIFMD) authorisation or registration, the Financial Conduct Authority said.
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FCA seeks redress for investors
The Financial Conduct Authority has said it is negotiating a settlement for investors in the failed Connaught Income Funds.
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Dealing commission unbundling benefit
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.