Tag: FCA

April 30, 2013 BY Gerald Segal

UK's new regulator FCA takes first action against Forex fraud

Alex Hope and Raj Von Badlo charged with defrauding investors £5 million. The FCA has charged Alex Hope of Docklands, London and Raj Von Badlo of Bourne End, Buckinghamshire with 10 offences relating to a Forex investment scheme they operated. The FCA has alleged they both bilked over £5 million from investors. The charges come…

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April 02, 2013 BY Gerald Segal

UK's financial regulator FSA ceases to exist today

The UK breaks the FSA into two parts – the FCA, and the PRA. The UK's Financial Services Act 2012 goes into effect today, (technically yesterday, April 1 2013, but it was the Easter Monday bank holiday in the UK), whereby the UK's financial regulator the FSA is being broken into two parts -- the FCA,…

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