Search Results for: Financial Conduct Authority
FCA warning against unauthorised firms
September 29th, 2014
The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning informing investors that the firm “Barclay Lewis” (www.barclaylewis.com) and “SMS Fast Cash” (www.smsfastcash.com, www.sms-fastcash.net, www.sms-fast-cash.com) are not permitted to provide any financial services or products. FCA warns that these ...
Swiss bank UBS started FX trading settlement talks
September 29th, 2014
UBS, Switzerland’s largest bank, has begun settlement talks over allegations it was involved in manipulating foreign exchange rates, the bank said, and warned that it could face a material penalty in any deal struck. UBS did not identify the ...
Tesco in turnoil after profits overstatement
September 23rd, 2014
Tesco, Britain’s biggest retailer and one of its great corporate success stories of the last decade, has been thrown into turmoil after disclosing that it had overstated its first-half profit by £250m. Four senior executives were suspended and shares ...
FCA gives another fine to Barclays
September 23rd, 2014
The Financial Conduct Authority has imposed another fine to Barclays. As a result, Barclays is expected to be stung today with a £38m fine for failing to ensure adequate protection of clients’ funds. In particular, the fine relates to ...
FCA halts three debt management firms from making payments
September 18th, 2014
The Financial Conduct Authority has issued a warning that debt management customers of Gregson and Brooke Financial Services (trading as Expert Money Solutions), One Tick (trading as Debt Savers Direct and 1-Tick) and the Money Management Service should stop making payments to these firms. Gregson ...
FCA warns against clone firm
September 16th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning against clone firm “DuPont Financial, DuPont FX & DP Global Services Ltd” (www.dupontfx.com). FCA warns investors that this clone company is not permitted to provide ...
Biggest Banks Said to Overhaul FX Trading After Scandals
September 16th, 2014
The world’s biggest banks are overhauling how they trade currencies to regain the trust of customers and preempt regulators’ efforts to force changes on an industry tarnished by allegations of manipulation. Banks have capped what employees can charge for ...
CEO of tax specialist cleared of wrongdoing after HMRC climb down
September 15th, 2014
The chief executive and a former director of the tax specialist arm of financial group Montpelier have been cleared of cheating the public revenue of £1m, after HM Revenue and Customs (HMRC) dropped the case against them. Watkin Gittins, ...
FCA charges insider dealers with £3.2m in confiscation
September 15th, 2014
In a case brought by the Financial Conduct Authority (FCA) a total of £3,249,488.71 were made by His Honour Judge Pegden QC between 10 September 2014 and 15 September 2014 against Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, ...
FCA warning against clone firm
September 12th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that “The Right Loan 4 U(www.metadi.co.uk) is the clone firm of “The Right Loan 4 U Co Ltd”, thus, is not permitted ...
