Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually […]
FCA News
Acadianam Ltd (clone of FCA authorised firm) (updated)
Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually […]
FCA stops FXVC offering CFDs to UK customers
FXVC used a variety of inappropriate techniques, including misleading financial promotions which appeared to offer consumers the opportunity to purchase shares in a well-known company and failed to mention that they were actually promoting CFDs. Many of the FXVC’s customers were unclear about the nature of the investments that they were being persuaded to make […]
Richness Forex (updated)
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us. This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services […]
Business Loan Network Limited enters administration
There is no need for investors to do anything. Investors should shortly receive an update from the Joint Administrators through the Business Loan Network platform with further information. The Joint Administrators are now responsible for the business of Business Loan Network Limited. Among other things this means that they will seek to operate the P2P […]
FCA Regulation (updated)
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us. This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services […]
UK Bond Street (updated)
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us. This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services […]
BLX Invest / blxinvest.com (updated)
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us. This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services […]
FCA bans and fines financial adviser £68,300 for lacking honesty and integrity
The FCA also found that Mr Varley failed to act with integrity as a Director (CF1) and Compliance Oversight (CF10) controlled function (CF) holder and is therefore not a fit and proper person. Mark Steward, Executive Director of Enforcement and Market Oversight said: ‘Mr Varley deliberately lied about his position and his misconduct continued for […]
Financial Stability Board publishes Peer Review of UK remuneration regime
The report highlights how the UK closely follows the FSB Principles and Standards (P&S) for Sound Compensation Practices, as well as the effectiveness of how the FCA works and shares information with the PRA. The UK is the first FSB member to be assessed by peers on the effectiveness of its remuneration reforms in the […]