UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Mackenzie & Brooke. Mackenzie & Brooke is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The FCA has today banned two individuals from performing any function in relation to any regulated activity in the financial services industry. On 22 November 2013, Richard Aston Clay and Kathryn Joy Clark were charged with dishonesty offences by the Serious Fraud Office and Nottinghamshire Police. The offences committed by Mr Clay and Ms Clark…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Robert Brooks Ltd. Robert Brooks Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreThe Financial Conduct Authority (FCA) has fined Sonali Bank (UK) Limited (SBUK) £3,250,600 and has imposed a restriction, preventing it from accepting deposits from new customers for 168 days. It has also fined the bank’s former money laundering reporting officer (MLRO), Steven Smith, £17,900 and prohibited him from performing the MLRO or compliance oversight functions…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that CFTC Chairman Timothy Massad and Andrew Bailey, Chief Executive of the UK's Financial Conduct Authority (FCA), have signed a Memorandum of Understanding regarding cooperation and the exchange of information in the supervision and oversight of certain regulated firms that operate on a cross-border basis in…
Read moreThe Financial Conduct Authority (FCA) has today fined Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited (together Aviva) £8,246,800 for failings in its oversight of its outsourced providers in relation to the protection of client assets. Mark Steward, Director of Enforcement and Market Oversight at the FCA said: Aviva outsourced the administration of…
Read moreUK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm AIB Asset Management. AIB Asset Management is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreUK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Quick Loans. The company is not authorised by the FCA but has been targeting people in the UK. To see the official FCA warning, click here.
Read moreThe Financial Conduct Authority (FCA) has published its third consultation paper on the implementation of the revised Markets in Financial Instruments Directive (MiFID II). MiFID II, which comes into effect on 3 January 2018, updates and improves rules governing the way capital markets function, contributes to the reform of derivatives markets and strengthens transparency of…
Read moreTwo days ago the UK Financial Conduct Authority (FCA) stated that consumers should be wary of dealing with the software and technology company OneCoin. OneCoin commented earlier today that is disappointed that the FCA has issued a statement without having first contacted the company. OneCoin claims that it has not been contacted by the City of…
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