Should the FCA treat small businesses more like 'regular' retail consumer in providing them protection in the financial services arena?
Read moreThe practice of corporate cloning - fraudsters using the details of authorized firms to convince people that they work for a genuine, authorized company, keeps gaining momentum in the Forex industry. One more piece of proof in this respect comes from the UK Financial Conduct Authority (FCA), which today published a warning regarding an unauthorized…
Read moreJust a week after Barclays PLC (LON:BARC) agreed to pay $150 million in an FX settlement with New York State Department of Financial Services (DFS), the bank attracts another mega-fine... The Financial Conduct Authority (FCA) today announced the imposition of a £72 million ($108.8 million) fine on Barclays Bank over failures to minimise the risk…
Read moreA follow-up to LeapRate's earlier article on legal and regulatory proceedings against Phillip Harold Boakes, the mastermind of a wide-scale Ponzi scheme that defrauded investors of more than £3.5 million... The Court of Appeal has upheld a sentence of 10 years imprisonment for Mr. Boakes. The verdict follows his conviction in March 2015 on charges prosecuted…
Read moreThe mergers and acquisitions world is full of risks, with one more piece of proof just provided from Playtech PLC (LON:PTEC)... The company has been waiting for a nod of approval from the Financial Conduct Authority (FCA) for the proposed acquisition of Plus500 Ltd (LON:PLUS) but after an update from the UK regulator late on…
Read moreThe Financial Conduct Authority today published a special report to Her Majesty’s Treasury on the feasibility and practicalities of developing a regulatory sandbox. The latter is supposed to be a ‘safe space’ in which businesses can test innovative products, services, business models and delivery mechanisms without immediately confronting all the normal regulatory consequences of engaging…
Read moreCybersecurity issues keep affecting the work of financial services companies... Online payment services provider Optimal Payments Plc (LON:OPAY) has just announced that it is investigating possible breaches of customers' personal data. The investigation relates to media reports of a small amount of customers' personal data being in the public domain. It has been alleged that…
Read moreThe Financial Conduct Authority (FCA), the UK regulator responsible for the oversight of investment firms offering their services in the country, today published a warning against Sunbird FX c/o Spring Empire Solutions Limited. The company, whose website states that it has an address in the UK, is not registered with the FCA, the regulator warns.…
Read moreKweku Adoboli abused his position as a senior trader at UBS, causing the firm losses of $2.25 billion.
Read moreThe UK has offered a warm welcome to Bitcoin companies thus far, but unlicensed Cryptoconomist got a public warning issued against it.
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