The FCA has this week stripped permission to carry out regulated business from a Shropshire-based claims management company called Claimpoint Ltd (FRN 830722).

Leicester-based Trust Financial Planning (FRN: 407457) has entered liquidation after being subject to voluntary restrictions from the FCA earlier this year.

The number of new whistleblowing reports received by the FCA rose 25% year on year to 315 between April and June (Q2 2024: 253 reports).

The FCA has warned firms about their 'off-channel' communications, which could include mobile phone calls and emails, after its review showed that staff at most firms breach internal policies.

A Devon man who set up a Ponzi scheme that netted £1.3m has been found guilty of fraud, following a prosecution by the FCA.

The FCA has decided to no longer seek a £5.95m financial penalty against Nailesh Teraiya, formerly sole controller and chief executive of Indigo Global Partners Limited (Indigo).

The FCA has today (5 August) secured a confiscation order against Reuben Akpojaro, the fourth individual involved in a £1.2m investment scam which saw 120 investors conned out of their savings.

The FCA has provisionally fined Neil Woodford and Woodford Investment Management (WIM) for failures in their management of the Woodford Equity Income Fund (WEIF).

Financial services firms will soon be able to offer retail consumers access to crypto exchange traded notes (cETNs), under changes announced by the FCA.

The design of digital platforms can drive customers towards making quick decisions which may not be in their best interests or consistent with the FCA’s expectations under the Consumer Duty, the regulator has warned.

The FCA has begun High Court proceedings over an alleged unauthorised investment scheme involving consumer investments of more than £23m in static homes.

The FCA has this week stripped permission to carry out regulated business from a West Yorkshire-based claims management company called Fair Return Legal Services Limited (FRN 838208).

I don’t think I was the only one a little surprised by the Chancellor’s decision this week to order a significant review of at least part of the Consumer Duty, which was only fully introduced in 2023.

Half (48%) of financial advisers expect the more relaxed regulatory framework brought about by Targeted Support to be an opportunity to attract new clients in the next 18 months, according to a new report.

Two individuals have been arrested on suspicion of money laundering and running an illegal cryptoasset exchange.  

The Financial Conduct Authority has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42m for major failings in their financial crime risk management including one relating to collapsed wealth manager WealthTek and one relating to Stunt & Co. 

The FCA and Financial Ombudsman Service are to ‘modernise the financial redress system’ to closer align their complaint processes.

The FCA and PRA have proposed changes to the Senior Manager Certification Regime (SMCR) ahead of expected legislative changes to the requirements.

The FCA is to go ahead with moves to encourage more retail investment in companies' capital raising by cutting red tape.

A total of 43 FCA staff were paid more than £200,000 each last year, analysis of the regulator’s annual report by Financial Planning Today has revealed.