Search Results for: Financial Conduct Authority
Former Blackrock Asset Management Managing Director Banned
December 15th, 2014
The Financial Conduct Authority (FCA) has banned Jonathan Paul Burrows from performing any function in relation to any regulated activities for not being fit and proper. Tracey McDermott the FCA’s director of enforcement and financial crime, said: ‘Burrows held ...
Boiler room fraudsters ordered to pay £843k
December 15th, 2014
Two men involved in a £70 million boiler room fraud have been ordered to pay £843,000 between them after being found guilty of conspiracy to defraud. In 2010 Philip Morris and Daniel Gooding were among the nine fraudsters found ...
HSBC sets aside head of European forex trading
December 11th, 2014
HSBC has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market. The bank is understood to have “let go” Stuart Scott on Tuesday following ...
Supervisory Authorities issued warnings on unauthorised companies
December 10th, 2014
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Ireland (Central Bank of Ireland), and Luxembourg (Commission de Surveillance du Secteur Financier – CSSF), report the following companies offering investment services without the required authorisation. Ingledew Trading ...
Watchdog reshuffle: Zitah McMillan and Victoria Raffe set to leave FCA ahead of Davis report
December 9th, 2014
A drastic shakeup of top positions at the City’s main financial watchdog was announced yesterday, ahead of tomorrow’s release of a damning report on failings at the regulator. The Financial Conduct Authority (FCA) confirmed that executives Zitah McMillan and ...
New strategic approach to ensure “sharper focus” to regulatory challenges ahead
December 9th, 2014
The FCA’s remit is far ranging and challenging with the recent additional responsibility for regulating consumer credit meaning the number of firms that now come under the FCA has trebled over the past eighteen months. The approach is shaped ...
Tesco boss Dave Lewis overhauls management structure amid accounting scandal
December 2nd, 2014
Tesco’s newly appointed CEO Dave Lewis has overhauled the management structure of the British retailer in the wake of an accounting scandal that led to eight managers being suspended. Lewis will temporarily head UK operations as the current managing ...
Supervisory Authorities issued warnings on unauthorised companies
December 2nd, 2014
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Belgium (Financial Services and Markets Authority – FSMA), Ireland (Central Bank of Ireland), Spain (Comisión Nacional del Mercado de Valores – CNMV) and Holland (Netherlands Authority for ...
FCA: New rules will protect consumers from harmful fee-charging credit broking practices
December 1st, 2014
New rules have been introduced by the Financial Conduct Authority (FCA) today to tackle poor practice in the credit broking market which is causing serious detriment to consumers. The rules will ban credit brokers from charging fees to customers, ...
Funding secured for Tesco shareholder class action
November 26th, 2014
Australian litigation funder Bentham has made its biggest entry yet in the European market by agreeing to fund a class action against supermarket giant Tesco. The European subsidiary will fund legal action on behalf of shareholders who are claiming ...
