Expanding digital IFA firm Fintuity (FRN: 814106) has been hit by a clone attack by fraudsters.

I was intrigued this week by a speech from Steve Smart, FCA joint executive director of enforcement and market oversight, suggesting that the FCA was now as much a law enforcement agency as a regulator.

The FCA is now as much a "law enforcement agency" as a financial regulator, according to one of the authority’s executive directors.

The FCA has reminded regulated firms that it requires the first Consumer Duty board reports to be completed by 31 July and says it will ask "a broad sample" of firms to supply the reports for review.