The proposed changes involve updating our existing lists in line with Article 117 of the Capital Requirements Regulation 2013 (as amended).
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 […]
The review, which was completed prior to the coronavirus pandemic, highlights concerns about poor practices by some firms and notes that nearly half of consumers regretted borrowing more money. As firms in this sector begin to lend again, the report sets out the FCA’s expectations on how they must treat consumers. The review found that levels […]
Over a period of 9 years between 2008 and 2017, Mr Starling purported to run investment funds and obtained investment monies from his friends and acquaintances. They entrusted him with just under £3 million of their money. In sentencing, HHJ Bartle QC said that Mr Starling had defrauded investors in an ‘appalling way’. The Judge […]