The Financial Services Compensation Scheme's annual report puts compensation costs related to insolvent broker Alpari UK at £27.6 million but warns the number may be higher.
Read moreThe UK financial regulator says that Augustine FX is a clone of an authorized company – Augustine Limited.
Read moreMr Davidson has previously held positions in Direct Line and McKinsey & Company.
Read moreThe latest update by administrators from Baker Tilly says that the FSCS have not yet made up its mind on whether all products offered by the broker are covered by the compensation scheme.
Read moreThe company is targeting UK clients but has no permission from the UK authorities to do so, says the Financial Conduct Authority.
Read moreKincorp Capital is targeting people in the UK, promising them a profit boost via investments in Stocks, Fixed Incomes, Derivatives, FX and Commodities. The firm, however, has no UK license.
Read moreThe AML procedures have affected only customers of the UK business and the broker is in talks with the FCA over the new rules implementation.
Read moreAETOS now holds an FCA license with variation of permission (VOP) to hold clients' money.
Read moreThe UK regulator says the broker is a clone of an authorized business, which is primarily involved in personal pension schemes.
Read moreThe estimate was announced as the UK’s statutory compensation scheme said the final levy for 2015/16 for compensation claims for all financial firms in the country will be £319 million.
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