martin currie fined by fsa and sec
Martin Currie Investment Management has been fined £3.5m by the FSA for failing to manage a conflict of interest, the largest ever fine of its type.
Fsa
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fsa clarifies 30m rule covering rdr activities
The FSA has confirmed that the 30-month rule applies to “most but not all” RDR activities.
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buyers beware as fsa sharpens its focus on ucis
The FSAs death bonds attack on traded life policy investments (TLPIs) last year caught many by surprise not least TLPI fund providers but the regulator was just laying the groundwork for an all out offensive on unregulated funds.
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fsa fines coutts for serious and systemic
Coutts & Co has been fined £8.75m by the FSA for anti-money laundering (AML) control failings, which the regulator has termed “serious, systemic and allowed to persist for almost three years”.
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fsas new guard cut from the same cloth
Hector Sants decision to leave the FSA has been said by some to have come from frustration with the delay of planed regulatory reform within Parliament. How will his replacements stack up?
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mazars takes on administration of pritchard
Pritchard Stockbrokers is the latest firm to go into administration following concerns over the way it handled customers’ money.
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fsa fines santander for structured
Santander has been fined £1.5m by the FSA for failing to inform customers of its structured products’ status under the Financial Services Compensation Scheme (FSCS) in the period up to January 2010.
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former-lazard man joins fsa
Former vice-chairman of Lazard & Co, Will Samuel has been appointed to the role of investment banking senior adviser at the FSA.
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eea bites back at fsa on death bonds
EEA Fund Management has called on the FSA to retract its statement naming traded life policy investments (TLPIs) “toxic”, and has asked the watchdog to clarify which funds in the sector it believes to be “Ponzi schemes”.
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legacy commission – blazing a trail
The FSA is now closed… to responses on its consultation paper dealing with legacy assets and their treatment after the RDR rules come into effect. But we have not heard the end of it, not by a long shot.
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fsa fines former-ubs adviser
The FSA has banned and fined a former client adviser at UBS £150,000 for breaching Principle 1 of its code of conduct and failing to act with integrity.
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Time is up for the FSA to finalise RDR
New Years Day represents one year until the RDR rules are implemented, but unless the FSA gets its act together before Christmas it doesnt look like well be any clearer on whats needed until into 2012.
