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FCA opening more cases than ever before

The FCA had more than 500 cases open at the start of April, which is nearly 100 more than the same time last year.

According to a Financial Times report, the regulator had a record 504 investigations open as of 1 April, compared with 410 the year before.

Of that caseload, 85 cases are looking into suspected financial crime and 75 are focused on insider dealing.

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It is looking into 61 cases related to governance or culture problems, compared to just 15 cases in that area in April 2017.

The FT says FCA statistics show the high number of cases has not led to increasing fines. In fact, penalties are at seven-year lows.


FCA office

FCA cancels permissions for three advice firms

The regulator has cancelled the 4A permissions of three advice firms who failed to pay expected fees and levies. In separate final notices, the FCA found Stockport-based Thinking: Health & Income, Tetbury-based Paul Hammond trading as Asset Trust Group, and London firm Armstrong Investment Managers failed to meet suitability threshold conditions. The regulator says all three […]


Ascot Lloyd: ‘Using a CIP leads to consistent advice’

Ascot Lloyd investment director Steven Lloyd explains how a centralised investment proposition and bespoke discretionary fund management caters for individual client needs. Can you explain your investment approach? We use a combination of in-house and outsourced solutions, depending on the individual client. We have a centralised investment proposition that provides a range of choices for […]


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There is one comment at the moment, we would love to hear your opinion too.

  1. I wonder has the FCA listened and accepted prevention, early action is better than waiting for the train wreck. Time will tell.

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