Search Results for: UK Financial Conduct Authorit
FCA warns against boiler room clone firm
August 28th, 2014
Financial Conduct Authority (FCA), the British regulator has issued a warning against boiler room “London Capital Group Asia (Clone of FCA authorised firm) / LCGA Fxplatform / LCG Asia / LCG Forex” (www.lcga-fx.com / www.lcga.asia.lid-cn / http://indo.lcga-fx.com / www.fxlcg.com), ...
FCA fines Deutsche Bank with £4.7m
August 28th, 2014
Deutsche Bank AG London Branch (Deutsche) has been fined £4,718,800 by the Financial Conduct Authority (FCA) for incorrectly reporting transactions between November 2007 and April 2013. Deutsche failed to properly report 29,411,494 Equity Swap CFD (contracts for difference) transactions. ...
FCA fines RBS and NatWest
August 27th, 2014
The Financial Conduct Authority (FCA) has today fined The Royal Bank of Scotland and NatWest £14,474,600 for serious failings in their advised mortgage sales business. The firms failed to ensure that advice given to customers was suitable. The issues with ...
FCA warning against unauthorised firm
August 26th, 2014
The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning informing the investors that “Capital Mergers and Acquisitions” (www.capitalmajp.com) is not permitted to provide any financial services or products. FCA warns that this firm is neither regulated ...
FCA warns investors against clone firms
August 21st, 2014
Financial Conduct Authority (FCA), the British regulator has issued a warning against “AMT Markets” (www.amt-markets.co.uk) and “Euromax Finance Limited” (www.eurofinance.com) informing the investors that the two companies are the clones of the original ones. AMT Markets is the clone ...
FCA warning against unauthorised firms
August 8th, 2014
The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning informing the investors that “Thungen Financial/ Thüngen Financial” (www.thungenfinancial.com) and “Leveltrade Ltd t/a LevelTrade” (www.leveltrade.com) are not permitted to provide any financial services or products. FCA warns ...
Stonebridge International Insurance Limited fined by FCA with £8.4m
August 7th, 2014
The Financial Conduct Authority (FCA) has fined Stonebridge International Insurance Limited (Stonebridge) £8,373,600 in relation to sales of accident insurance products. Between April 2011 and December 2012, Stonebridge targeted low and middle income customers without college degrees or professional ...
FCA restricts distribution of CoCos to retail investors
August 5th, 2014
The Financial Conduct Authority (FCA) will restrict firms from distributing contingent convertible securities (CoCos) to the mass retail market from 1 October 2014. CoCos are highly complex and the FCA believes they are unlikely to be appropriate for the ...
FCA reports that firms fail to deliver best execution
July 31st, 2014
The Financial Conduct Authority (FCA) has released a review setting out some major points, highlighting the fact that most firms fail to properly apply the rules on best execution when trading on their behalf Looking at 36 firms the FCA ...
FCA warning against unauthorised firms
July 30th, 2014
The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning informing the investors that “Eden & Bracha Ltd” (http://www.edenandbracha.co.uk) and “Krypton Studios” (www.kryptonstudios.co.uk) are not permitted to provide any financial services or products. FCA points out that ...
