Tag: UK financial regulator

April 07, 2017 BY Valentina Kirilova

FCA fines two former Worldspreads Limited (WSL) employees for market abuse

The Financial Conduct Authority (FCA) has banned and imposed financial penalties on two former Worldspreads Limited (WSL) employees. WSL, which operated a spread betting business, collapsed in March 2012. The FCA has fined WSL’s former Chief Financial Officer, Niall O’Kelly, £11,900 and former Financial Controller, Lukhvir Thind, £105,000, for engaging in market abuse and permanently…

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March 07, 2017 BY Valentina Kirilova

FCA warns against Loan and Go firm

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 Loan and Go. Loan and Go is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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October 25, 2016 BY Valentina Kirilova

FCA warns on SLS Trade firm

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 SLS Trade. SLS Trade is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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October 25, 2016 BY Valentina Kirilova

FCA warns on Mackenzie & Brooke firm

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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October 25, 2016 BY Valentina Kirilova

FCA warns on Robert Brooks Ltd firm

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…

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October 04, 2016 BY Valentina Kirilova

FCA warns on AIB Asset Management firm

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 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…

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July 15, 2016 BY Valentina Kirilova

FCA warns against clone loan firm Homeowner Loans/ Advantage Leads

UK financial regulator the Financial Conduct Authority (FCA) has issued a warning regarding unlicensed clone loan firm Homeowner Loans/ Advantage Leads. The FCA believes that: Fraudsters are using the details of firms registered to carry out financial services activities to try to convince people that they work for a genuine, registered firm." The FCA warns:…

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February 03, 2014 BY Gerald Segal

State Street overcharges clients, fined £23 million by the FCA

The bank has systemically overcharged clients without their nor management's knowledge UK's financial regulator FCA has issued a press release detailing the wrongdoings of State Street UK and mandated the company to pay a hefty £23 million fine. According to the UK watchdog, State Street UK's Transitions Management has systemically marked up fees on certain…

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