A 46-year-old man, Olumide Osunkoya, has been jailed at Southwark Crown Court today for four years for running illegal crypto ATM activity said to be worth over £2.5m.

The FCA has charged award-winning IFA Kerry Nelson and fellow director Jacqueline Stephens, who both worked for Nexus IFA, in connection with a £2m fraud.

The FCA confirmed this week that its requirement for regulated firms to have ‘Consumer Duty Champions’ has been axed.

The FCA is moving swiftly to cut red tape to support growth in financial services, FCA chief executive Nikhil Rathi told delegates at an event today.

The FCA is to launch a multi-firm review of Model Portfolio Services (MPS) and their compliance with the Consumer Duty.

Six financial projects have been awarded funding of up to £30,000 each from the FCA as winners of its economics research competition.

The winding-up of the failed IFA Nexus Independent Financial Advisers (FRN 584769) looks set to take longer than expected, with unsecured creditor claims still waiting to be met.

The FCA has cancelled the part 4A regulatory permissions of Bromley-based firm HLU Ltd (FRN: 938123).

The Financial Conduct Authority’s review of ongoing advice data from 22 of the largest financial advice firms has found that suitability reviews were carried out in the vast majority of cases.

The FCA has defended its plans to delete emails after one year and denies it is trying to hide evidence and avoid scrutiny.

The FCA has fined trader Mako Financial Markets Partnership LLP £1,662,700 for failing to ensure it had effective systems and controls to guard against financial crime.

The FCA says it will take more time to consider its plans to extend the Sustainability Disclosure Requirements (SDR) regime to portfolio management.

Advisers have warned the FCA that its proposed introduction of targeted support under the Advice Guidance Boundary Review could cause significant consumer harm if the difference between guidance and advice is not more clearly defined.

The Financial Conduct Authority has charged Lisa Campbell of Campbell & Associates Independent Financial Advice Ltd (FRN 602550) with multiple fraud offences.

MPs on the influential Treasury Committee have today called on the FCA to explain its role in the shock departures of the Financial Ombudsman CEO and chair over the past few days.

The FCA has cancelled the part 4A regulatory permission of Northamptonshire-based firm Nectar Wealth Limited (FRN 800673).

The FCA has cancelled the Part 4A permission of Scottish firm Retirement & Investment Solutions Limited (FRN 533079) because it said it considers that the firm is carrying on no regulated activity.

Latest data from the FCA published today has revealed that nearly 20,000 financial promotions were pulled or amended in 2024 following intervention from the regulator - almost double the level seen in 2023.

The FCA has ruled out compensation or launching a criminal investigation into the £46m collapse of Blackmore Bonds despite complaints from investors.

The House of Lords has called on the FCA to halt its plans to push forward with 'naming and shaming' firms facing investigations.